Complete the balance sheet and sales information in the table that follows for Isberg Industries using the following financial data:

Debt ratio: 50%

Quick ratio: 0.80×

Total assets turnover: 1.5 ×

Days sales outstanding: 36.0 days

Gross profit margin on sales: (Sales – Cost of goods sold) / Sales = 25%

Inventory turnover ratio: 5.0 ×

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Balance Sheet Cash Accounts receivable Inventories Fixed assets Total assets Sales Accounts payable Long-term debt Common stock Retained earnings Total liabilities and equity Cost of goods sold $60,000 $97,500 $300,000