please solve with balance sheet

2. Complete the balance sheet and sales information in the table that follows for Hoffmeister Industries using the following financial data: (30 POINTS) Debt ratio: 50% Quick ratio 0.80 Total assets tumover: 1.5 Days sales outstanding: 36.5 daya Gross profit margin on sales: (Sales - Cost of goods sold)Sales = 25% Inventory turnover ratio: 5.0 Calculation is based on a 365-day year, (Show your calculations below the balance sheet) Balance Sheet Cash Accounts receivable Inventories Fixed assets 60,000 Accounts payable Long-term debt Common stock Retained earning Total liabilities and equity Cost of goods sold 97,500 Total assets $300,000 Sales