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: 1.9x Days sales outstanding: 34 days Inventory turnover ratio: 7x Fixed assets turnover: 3.5x Current ratio: 1.8x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 35% Calculation 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 37,500 Inventories Common stock Fixed assets Retained earnings 87,500 Total assets $250,000 Total liabilities and equity $ Sales Cost of goods sold 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: 1.9x Days sales outstanding: 34 days Inventory turnover ratio: 7x Fixed assets turnover: 3.5x Current ratio: 1.8x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 35% Calculation 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 37,500 Inventories Common stock Fixed assets Retained earnings 87,500 Total assets $250,000 Total liabilities and equity $ Sales Cost of goods sold