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

Total assets turnover: $1\mathrm{.}4\backslash$times

Days sales outstanding: $36\mathrm{.}5$ daysa

Inventory turnover ratio: $3\mathrm{.}75\backslash$times

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

Current ratio: $2\mathrm{.}0\backslash$times

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 $