Assignment 2: Chapter 4 End-of-Chapter Problems eBook Problem Walk-Through 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: 4x Fixed assets turnover: 3.0x Current ratio: 2.0X Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 30% *Calculation is based on a 365-day year Do not round intermediate calculations. Round your answers to the nearest dollar, $ 54,000 Cash Accounts receivable Inventories Fixed assets Total assets Sales Balance Sheet Current liabilities Long-term debt Common stock Retained earnings $360,000 Total liabilities and equity Cost of goods sold 126,000 $ 5 Grade it Now Save & Continue Continue without saving