Complete problem: Balance Sheet Analysis

Complete the balance sheet and sales information in the table that follows for XYZ$,$ Inc., using the following financial data:

Show your work.

Total assets turnover: $1\mathrm{.}5$

Gross profit margin on sales: $($Sales $$ Cost of goods sold$)/$Sales: $25\%$

Total liabilities$-$to$-$assets ratio: $40\%$

Quick ratio: $0\mathrm{.}80$

Days sales outstanding $($based on $365-$day year$)$: $36\mathrm{.}5$ days

Inventory turnover ratio: $3\mathrm{.}75$

Partial Income Statement Information

Sales $\_\_\_\_\_\_\_\_\_\_\_\_$

Cost of goods sold $\_\_\_\_\_\_\_\_\_\_\_\_$

Balance Sheet Information

Cash $\_\_\_\_\_\_\_\_\_\_\_\_$ Accounts payable $\_\_\_\_\_\_\_\_\_\_\_\_$

Accounts receivable $\_\_\_\_\_\_\_\_\_\_\_\_$ Long term debt $50,000$

Inventories $\_\_\_\_\_\_\_\_\_\_\_\_$ Common stock $\_\_\_\_\_\_\_\_\_\_\_\_$

Fixed assets $\_\_\_\_\_\_\_\_\_\_\_\_$ Retained earnings $100,000$

Total assets $$400,000.\_$ Total liabilities and equity $\_\_\_\_\_\_\_\_\_\_\_\_$