Now It's time for you to practice what you've learned. Suppose that Royval Inc has the following data: Balance Sheet Assets Liabilities Cash Accounts receivable Inventories Fixed assets Total assets Sales Current Liabilities Long-term debt $128,250 Common stock Retained earnings $114,000 $475,000 Total Liabilities and equity Cost of goods sold Use the formulas you learned about in the previous stage of the problem to answer the following questions. Given the value of total assets turnover, along with the level of total assets given, this means that Rorval's sales must be Given the value of DSO, along with the level of saties you already calculated, this means that Royval's receivables must be Given the value of the inventory ratio, along with the level of sales you already calculated, this means that Royval's inventories must be Given the value of the fixed assets turnover ratio, as well as the level of sales, this means that Royval's fixed assets must be equal to Solving for cash ylelds a value of cash of for Royval. Given the current ratio of 2 and values of cash, accounts rtceivabie, and. inventories; the level of current liabilites must be. Given the level of retained earnings, current liabilities, and long-term debt, along with the relationship between total assets and totat liabifities and equity, this means that Royvais common stock must be Given the gross proft margin and the level of sales you have already calculated, this means that Royval has a cost of goods sold of