Problem 7 Complete the balance sheet and sales information for Metrical Industries as shown below. The following data applies: Total assets turnover: 1.7 Gross profit margin on sales: (Sales - COGS)/Sales - 20% Total liabilities-to-assets ratio: 45% Quick ratio: 0.80 Days sales outstanding (based on a 365-day year): 40 days Inventory turnover ratio: 4.25 Income statement Information (fill in): Sales: COGS: Balance sheet information (fill in): Cash Accounts Payable Accounts receivable Long-term debt $75,000 Common Stock Inventory Fixed Assets Retained Earnings $125,000 Total Assets $500.000 Total Liabilities and Equity