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Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.4x Days sales outstanding: 36 daysa Inventory turnover ratio: 4x

Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.4x Days sales outstanding: 36 daysa Inventory turnover ratio: 4x Fixed assets turnover: 3.5x Current ratio: 1.8x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 25% aCalculation is based on a 365-day year. Round your answer to the nearest cent. Balance Sheet

Long-term debt

56,250

Total assets

$375,000

Retained earnings

112,500

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