4.09

Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1x Days sales outstanding: 73.0 days Inventory turnover ratio: 5x Fixed assets turnover: 2.5x Current ratio: 2.0x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 15% Calculation is based on a 365-day year. Do not round intermediate calculations. Round your answers to the nearest dollar. Balance Sheet Cash Current liabilities Accounts receivable Long-term debt 75,000 Inventories Common stock Fixed assets Retained earnings 75,000 Total assets $300,000 Total liabilities and equity Sales Cost of goods sold