Please explain how to get the answers

tions Problem 4.22 Click here to read the eBook: Ratio Analysis Click here to read the eBook: Liquidity Ratios Click here to read the eBook: Asset Management Ratios Click here to read the eBook: Profitability Ratios Problem Walk-Through BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.3x Days sales outstanding: 38 days Inventory turnover ratio: 7x Fixed assets turnover: 3x Current ratio: 2.5x Gross profit margin on sales: (Sales-Cost of goods sold)/Sales = 35% aCalculation is based on a 365-day year. Do not round intermediate calculations. Round your answer to the nearest cent. Balance Sheet Cash Current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity Cost of goods sold Accounts receivable 55,000 Inventories 82,500 Fixed assets Total assets $275,000 Sales 0-Icon Key Problem 4.22