Cash	$		Current liabilities	$
Accounts receivable	$		Long-term debt	$40,000
Inventories	$		Common stock	$
Fixed assets	$		Retained earnings	$60,000
Total assets	$200,000		Total liabilities and equity	$
Sales	$		Cost of goods sold

1. Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.1x Days sales outstanding: 38 days Inventory turnover ratio: 4x Fixed assets turnover: 2.5x Current ratio: 2.5x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 15% Calculation is based on a 365-day year. Round your answer to the nearest cent.