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

Total assets turnover: 1.4x

Days sales outstanding: 40.5 daysa

Inventory turnover ratio: 4x

Fixed assets turnover: 3.5x

Current ratio: 2.4x

Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 25%

aCalculation is based on a 365-day year. Do not round intermediate calculations. Round your answer to the nearest cent.

Balance SheetCash$Current liabilities$Accounts receivableLong-term debt75,000InventoriesCommon stockFixed assetsRetained earnings93,750Total assets$375,000Total liabilities and equity$Sales$Cost of goods sold$