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Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.7x Days sales outstanding: 42.5 daysa Inventory turnover ratio: 7x

Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.7x Days sales outstanding: 42.5 daysa Inventory turnover ratio: 7x Fixed assets turnover: 3.5x Current ratio: 2x 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 Sheet
Cash $ Current liabilities $
Accounts receivable Long-term debt 56,250
Inventories Common stock
Fixed assets Retained earnings 78,750
Total assets $225,000 Total liabilities and equity $
Sales $ Cost of goods sold

$

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