Use the following information to complete the balance sheet and sales information in the table that follows for Hopkins Industries using the following financial data:

Debt ratio: 65%

Quick ratio: 1.1

Total assets turnover: 2.5

Receivables turnover: 8.333

Gross profit margin on sales: 30%

Inventory turnover ratio: 5

Hopkins Industries Balance Sheet Cash Accounts Payable Accounts Receivable Long Term debt $300,000 Inventories Common stock Fixed Assets Retained earnings $225,000 Total Assets $1,000,000 Total Liab & Equity Cost of Goods Sold Sales