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Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1x Days sales outstanding: 37 daysa Inventory turnover ratio: 6x

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Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1x Days sales outstanding: 37 daysa Inventory turnover ratio: 6x Fixed assets turnover: 3.5x Current ratio: 1.7% Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 20% Calculation is based on a 365-day year. Do not round intermediate calculations. Round your answers to the nearest cent. Balance Sheet $ Current liabilities Cash $ 70,000 Accounts receivable Inventories Fixed assets Total assets Long-term debt Common stock Retained earnings Total liabilities and equity 105,000 $ $350,000 Sales Cost of goods sold $

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