Complete the balance sheet and sales information using the following financial data:

Total assets turnover: 1x

Days sales outstanding: 40.5 daysa

Inventory turnover ratio: 5x

Fixed assets turnover: 2.5x

Current ratio: 2.2x

Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 15% aCalculation is based on a 365-day year. Do not round intermediate calculations. Round your answer to the nearest cent.

Balance Sheet

Cash $

Current liabilities $

Accounts receivable Long-term debt 52,500

Inventories Common stock Fixed assets Retained earnings 87,500

Total assets $350,000

Total liabilities and equity $

Sales $

Cost of goods sold $

Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1x Days sales outstanding: 40.5 daysa Inventory turnover ratio: 5x Fixed assets turnover: 2.5x Current ratio: 2.2x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 15% Calculation is based on a 365-day year. Do not round intermediate calculations. Round your answer to the nearest cent. Balance Sheet Cash Current liabilities Accounts receivable Long-term debt 52,500 Inventories Common stock Fixed assets Retained earnings 87,500 Total assets $350,000 Total liabilities and equity Sales Cost of goods sold