eBook 1 Problem Walk-Through Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.6x Days sales outstanding: 36.5 days Inventory turnover ratio: 3.75x 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. Balance Sheet Cash Current liabilities Accounts receivable Long-term debt Inventories Common stock Fixed assets Retained earnings Total assets $270,000 Total liabilities and equity Sales Cost of goods sold 67,500 81,000 $ $