13. Problem 4.22 Click here to read the eBook: Ratio Analysis Click here to read the eBook: Liquidity Ratios Click here to read the eBook: Asset Management Ratios Click here to read the eBook: Profitability Ratios Problem Walk-Through BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.3x Days sales outstanding: 31.5 daysa Inventory turnover ratio: 6x Fixed assets turnover: 2.5x Current ratio: 1.5x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 15% 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 55,000 Long-term debt Common stock Inventories Fixed assets 82,500 Retained earnings Total liabilities and equity Total assets $275,000 $ Sales $ Cost of goods sold $