BALANCE SHEET ANALYSIS following financial data: Complete the balance sheet and sales information using the Debt ratio: 50% Current ratio: 1.8x Total assets turnover: 1.5x Days sales outstanding: 36.5 days" Gross profit margin on sales (Sales-Cost of goods sold)/Sales-25% Inventory turnover ratio: 5X Calculation is based on a 365-day year Balance Sheet Cash Accounts receivable Inventories Fixed assets Total assets Sales Accounts payable Long-term debt Common stock Retained earnings 60,000 97,500 300,000 Total liabilities and equity Cost of goods sold