Complete the balance sheet and sales information using the following financial data:Total assets turnover: $1\mathrm{.}2$x

Days sales outstanding: $35$ daysa

Inventory turnover ratio: $3$x

Fixed assets turnover: $3\mathrm{.}5$x

Current ratio: $2\mathrm{.}3$x

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

aCalculation is based on a $365-$day year. Do not round intermediate calculations. Round your answer to the nearest cent.

Balance Sheet

Cash $

Current liabilities $

Accounts receivable

Long$-$term debt $93,750$

Inventories

Common stock

Fixed assets

Retained earnings $131,250$

Total assets $$375,000$ Total liabilities and equity $

Sales $

Cost of goods sold $