11. Problem 4.22 (Balance Sheet Analysis) eBook Problem Walk-Through Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.4x Days sales outstanding: 73.0 daysa Inventory turnover ratio: 4x Fixed assets turnover: 3.0x Current ratio: 2.0x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 25% a Calculation is based on a 365-day year. Do not round intermediate calculations. Round your answers to the nearest dollar. Balance Sheet Cash $ $ Accounts receivable Current liabilities Long-term debt Common stock 97,500 Inventories Fixed assets Total assets 97,500 Retained earnings Total liabilities and equity $390,000 $ Sales $ Cost of goods sold $