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Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.2x Days sales outstanding: 37.5 daysa Inventory turnover ratio: 5x

Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.2x Days sales outstanding: 37.5 daysa Inventory turnover ratio: 5x Fixed assets turnover: 3.5x Current ratio: 1.6x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 35% aCalculation is based on a 365-day year. Do not round intermediate calculations. Round your answers to the nearest cent. Balance Sheet Cash $ Current liabilities $ Accounts receivable Long-term debt 93,750 Inventories Common stock Fixed assets Retained earnings 93,750 Total assets $375,000 Total liabilities and equity $ Sales $ Cost of goods sold $

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