14. Complete the following balance sheet using the given information: Debt ratio = 40%. Total assets turnover = 1.8, current ratio = 2.1, DSO = 20 days, gross profit margin [(sales - cost of goods sold)/sales] = 40%, Inventory turnover ratio = 6. (Assume 360 days) ASSETS Cash Accounts Receivable Inventories Fixed Assets Total Assets Sales 400,000 LIABILITIES & EQUITY Accounts Payable Long-Term Debt Common Stock Retained Earnings Total Liabilities & Equity Cost of Goods Sold ($) 90,000 102,500

14. Complete the following balance sheet using the given information: Debt ratio =40%. Total assets turnover =1.8, current ratio =2.1,DSO=20 days, gross profit margin [( sales - cost of goods sold )/ sales ]=40%, Inventory turnover ratio =6. (Assume 360 days)