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Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.2x Days sales...

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Finance

Complete the balance sheet and sales information using thefollowing financial data:

Total assets turnover: 1.2x
Days sales outstanding: 31.5 daysa
Inventory turnover ratio: 5x
Fixed assets turnover: 2.5x
Current ratio: 2.1x
Gross profit margin on sales: (Sales - Cost of goods sold)/Sales =30%
aCalculation is based on a 365-day year. Do not roundintermediate calculations. Round your answer to the nearestcent.

Balance Sheet
Cash$  Current liabilities$  
Accounts receivable  Long-term debt62,500
Inventories  Common stock  
Fixed assets  Retained earnings75,000
Total assets$250,000Total liabilities and equity$  
Sales$  Cost of goods sold$  

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