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16. Requirement: Complete the balance sheet and sales information in the table using the following financial data: 50% 2.4 Debt ratio: Quick ratio: Total assets turnover: Day's sales outstanding: Gross profit margin on sales: (Sales-Cost of goods sold)/Sales : 2096 Inventory turnover ratio: Current ratio: BALANCE SHEET Cash Accounts receivable Inventories Fixed assets Total assets 1.2 24 days 16 Accounts payable Long-term debt s 200,000 Common stock Retained earnings $ 100,000 Total liabilities and equity Cost of goods sold $500,000 Sales