Problem Walk-Through BALANCE SHEET ANALYSIS Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.1x Days sales outstanding: 31 days Inventory turnover ratio: 3x Fixed assets turnover: 3x Current ratio: 2.4x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales - 35% Calculation is based on a 365-day year. Do not round intermediate calculations. Round your answer to the nearest cent. Balance Sheet Current liabilities Cash 56,250 Long-term debt Accounts receivable Common stock Inventories 78,750 Retained earnings Fixed assets $225,000 Total abilities and equity Total assets Cost of goods sold Sales Continue without saving