4-22 Complete the balance sheet and sales information using the BALANCE SHEET ANALYSIS following financial data: Total assets turnover: 1.5x Days sales outstanding: 36.5 days Inventory turnover ratio: 5 Fixed assets turnover: 3.0 Current ratio: 2.0x Gross profit margin on sales: (Sales-Cost of goods sold)/Sales-25% aCalculation is based on a 365-day year. Balance Sheet Cash Accounts receivable Inventories Fixed assets Total assets Sales Current liabilities Long-term debt Common stock Retained earnings 60,000 97 500 300,000 Total liabilities and equity 113 Cost of goods sold