Now it's time for you to practice what you've learned. Suppose that Royval Inc has the following data: Also suppose that Royval Inc has the following balance sheet: Also suppose that Royval Inc has the following balance sheet: Use the formulas you leamed about in the previous stage of the problem to answer the following questions. Given the value of total assets turnover, along with the level of total assets given, this means that Royval's sales must be Given the value of DSO; along with the Ievel of sales you already calculated, this means that Royval's receivables must be Given the value of the inventory ratio, along with the level of sales you already calculated, this means that Royval's inventories must be Given the value of the freed assets tumover ratio, as well as the level of sales, this means that foyval's fixed assets must: be equal to Solving for cash vields a value of cash of for Royval. Given the current ratio of 2 and values of cash, accounts recelvable, and inventories, the level of current liabilities must be Given the level of retained earnings, current liablities, and long-term debt, aiong with the relationship between total assets and total Habilities and equity, this means that Royvai's common stock must be Given the gross profit margin and the level of sales you have already calculated, this means that Royval has a cost of goods sold of