6:26 1 ... LTE BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.2x Days sales outstanding: 41.5 daysa Inventory turnover ratio: 3x Fixed assets turnover: 3.5x Current ratio: 2.5x Gross profit margin on sales: (Sales Cost of goods sold)/Sales = 25% aCalculation is based on a 365-day year. Do not round intermediate calculations. Round your answer to the nearest cent. Cash Accounts receivable Inventories Fixed assets Total assets Sales $ $ Balance Sheet Current liabilities $ Long-term debt 45,000 Common stock Retained earnings 78,750 $225,000 Total liabilities and equity $ Cost of goods sold $