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Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.3x Days sales outstanding: 38.5 daysa Inventory turnover ratio: 5x

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Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.3x Days sales outstanding: 38.5 daysa Inventory turnover ratio: 5x Fixed assets turnover: 2.5x Current ratio: 1.6% Gross profit margin on sales: (Sales - Cost of goods sold)/Sales - 25% Calculation is based on a 365-day year. Do not round intermediate calculations. Round your answers to the nearest cent. Cash Balance Sheet $ Current liabilities 68,750 Accounts receivable Inventories Fixed assets Total assets Long-term debt Common stock Retained earnings Total liabilities and equity 68,750 $275,000 $ Sales $ Cost of goods sold $

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