Ingraham Ine currently has $860,000 counts receivable, and its days sales outstanding (OSO) 65 days. It wants to reduce its OSO to 25 days by pressuring more of its customers to pay their bis on time. If this policy adopted, the company's average sales will fall by 5 What will be the level of accounts receivable following the change? Assume a 365-day year. Do not round intermediate calculations. Round your answer to the nearest cent 3 Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.6% Days sales outstanding: 33 days Inventory turnover ratio: 5x Fixed assets turnover: 3x Current ratio: 1.5x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales - 15% *Calculation is based on a 365-day year. Do not round intermediate calculations. Round your answers to the nearest cent. Balance Sheet Cash Current liabilities 56,250 Accounts receivable Inventories Fixed assets Total assets Long-term debt Common stock Retained earnings Total liabilities and equity $375,000 131,250 Sales $ Cost of goods sold