Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.5× Days sales outstanding: 36.5 daysFootnote Inventory turnover ratio: 5× Fixed assets turnover: 3.0× Current ratio: 2.0× Gross profit margin on sales: (Sales − Cost of goods sold)/Sales = 25% A table shows Balance sheet. A table in which entries presented are as follows. Cash: blank. Current liabilities: blank. Accounts receivable: blank. Long-term debt: 60,000. Inventories: empty. Common stock: blank. Fixed assets: blank. Retained earnings: 97,500. Total assets: 300,000 dollars, double line. Total liabilities and equity: blank, double line. Sales: Cost of goods sold: blank.
