Homework 03 (Ch04) Back to Assignment Attempts Average/9 6. Problem 4.22 (Balance Sheet Analysis) eBook Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.4x Days sales outstanding: 36.5 days Inventory turnover ratio: 3.75x Fixed assets turnover: 2.5x 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 Total liabilities and equity Sales Cost of goods sold $390,000 Grade it Now 58,500 117,000 $ Save & Continue