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eBook Problem Walk-Through Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.2x Days sales outstanding: 73.0 daysa Inventory

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eBook Problem Walk-Through Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.2x Days sales outstanding: 73.0 daysa Inventory turnover ratio: 4x Fixed assets turnover: 3.0x Current ratio: 2.5x 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 40,500 Inventories Common stock Fixed assets Retained earnings 81,000 Total assets $270,000 Total liabilities and equity Sales Cost of goods sold $

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