Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.3x Days sales outstanding: 42 daysa Inventory turnover ratio: 4x Fixed assets turnover: 2.5x Current ratio: 1.5x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 35% a Calculation is based on a 365-day year. Do not round intermediate calculations. Round your answer to the nearest cent.
Cash $_______
Accounts Receivable _________
Inventories _________
Fixed Assets 169,000
Total Assets $325,500
Sales $422,500
Current Liabilities $104,000
Long-term Debt 81,250
Common Stock 26,000
Retained Earnings 113,750
Total Liabilities and equity $325,000
Cost of goods sold $274625