Complete the balance sheet and sales information using the following financial data: Total asset turnover 1.5 Average collection period 36.5 days Inventory turnover ratio 5 Fixed asset turnover 3.0 Current ratio 2.0 Gross profit margin 25% Calculations based on a 365-day year.

Balance Sheet Cash _______ Current liabilities _________ Accounts receivables ________ Long term debt $ 60,000 Inventories _______ Common stock _________ Fixed assets _______ Retained earnings $ 97,500 Total assets $ 300,000 Total liabilities and equity ______ Sales ______ Cost of goods sold _______