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Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.5 Days sales outstanding: 36.5 days a Inventory turnover ratio:

Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.5 Days sales outstanding: 36.5 daysa Inventory turnover ratio: 3.75 Fixed assets turnover: 3.0 Current ratio: 2.5 Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 35% aCalculation is based on a 365-day year.

Do not round intermediate calculations. Round your answers to the nearest dollar.

Balance Sheet
Cash $ Current liabilities $
Accounts receivable Long-term debt 60,000
Inventories Common stock
Fixed assets Retained earnings 75,000
Total assets $300,000 Total liabilities and equity $
Sales $ Cost of goods sold $

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