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Complete the balance sheet and sales information using the following financial data: Sales:500,000 Total Assets Turnover:2x Days sales outstanding: 36.5 days Inventory turnover ratio: 4x

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

Sales:500,000

Total Assets Turnover:2x

Days sales outstanding: 36.5 days

Inventory turnover ratio: 4x

Quick ratio: 3x

Debt ratio: 60%

Balance Sheet:

Cash:

Accounts receivable:

Inventories:

Fixed Assets: 80,000

Total Assets:

Current Liabilities: 30,000

Long-term Debt:

Common stock: 70,000

Retained Earnings:

Total Liabilities and Equity:

Costs of Goods sold:

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