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

Total assets turnover: $1\mathrm{.}1x$

Days sales outstanding: $36$ days ${?}^a$

Inventory turnover ratio: $7x$

Fixed assets turnover: $2\mathrm{.}5x$

Current ratio: $2\mathrm{.}2x$

Gross profit margin on sales: $($Sales $-$ Cost of goods sold$)/$Sales $=20\%$

Balance Sheet

Total assets turnover: $1\mathrm{.}1$x

Days sales outstanding: $36$ daysa

Inventory turnover ratio: $7$x

Fixed assets turnover: $2\mathrm{.}5$x

Current ratio: $2\mathrm{.}2$x

Gross profit margin on sales: $($Sales $-$ Cost of goods sold$)/$Sales $=20\%$

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 $45,000$

Inventories Common stock

Fixed assets Retained earnings $75,000$

Total assets $$300,000$ Total liabilities and equity $

Sales $ Cost of goods sold $