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Complete the balance sheet and sales information using the following financial data Total assets turnover: 1.1x Days sales outstanding: 32 days Inventory turnover ratio: 3x

Complete the balance sheet and sales information using the following financial data image text in transcribed
Total assets turnover: 1.1x Days sales outstanding: 32 days Inventory turnover ratio: 3x Fixed assets turnover: 2.5x Current ratio: 1.5x Gross profit margin on sales: (Sales-Cost of goods sold)/Sales-30% "Calculation is based on a 365-day year. Do not round intermediate calculations. Round your answer to the nearest cent. Balance Sheet Current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity Cost of goods sold Cash Accounts receivable 55,000 Inventories Fixed assets Total assets Sales 96,250 $275,000

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