Total assets turnover: 1.2x Days sales outstanding: 34 days Inventory turnover ratio: 7x Fixed assets turnover: 3.5x Current ratio: 2.3x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 20% Calculation is based on a 365-day year. Do not round intermediate calculations. Round your answer 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 78,750 $225,000 Sales Cost of goods sold