Complete the balance sheet and sales information using the following financial data:
Total assets turnover: 1.5 x
Days sales outstanding:36.5 days
Inventory turnover: 3.0x
Current ratio: 2.0x
Gross profit margin on sales (Sales- Cost of goods sold)/Sales=25%
Calculation is based on a 365-day year
On the balance sheet we see that we have Totl assets $300,000..Long term debt 60,000 and Retained earnings 97,500