22. 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: 1.2x Days sales outstanding: 30 daysa Inventory turnover ratio: 4x Fixed assets turnover: 3x Current ratio: 2x 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 answers to the nearest cent. Balance Sheet Cash $ Current liabilities $ Accounts receivable Long-term debt 75,000 Inventories Common stock Fixed assets Retained earnings 93,750 Total assets $375,000 Total liabilities and equity $ Sales $ Cost of goods sold $