The finance department has been tasked with reviewing the sales information and balance sheet for Bahama Baubles based on the financial data that follows. You are to complete the balance sheet provided. 1 Current Ratio: 1.8 2 Total Asset Turnover: 1.5x 3 Days Sales Outstanding: 36.5 days (Based on 365 day year) Debt to Assets Ratio: 50% 5 Inventory Turnover Ratio: 5X 6 Gross Profit margin on Sales: 25% (Sales - Cost of Goods Sold) /Sales 4 Bahama Baubles Balance Sheet Amount Amount Cash JAR Long-Term Debt $60,000 Inventories Common Stock Fixed Assets $97,500 Retained Earnings Total Liabilities & Equity Total Assets $300,000 Sales Cost of Goods Sold