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BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.1x Days sales outstanding: 40 days Inventory turnover ratio: 3x Fixed assets turnover: 3.5x Current ratio: 2.1x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 20% -Calculation is based on a 365-day year. Do not round intermediate calculations. Round your answer to the nearest cent. Balance Sheet $ Current liabilitie $ Cash 41,250 Long-term debt Common stock Retained earnings Total liabilities and equity Accounts receivable Inventories Fixed assets Total assets 96,250 $ $275,000 $ Cost of goods sold $ Sales