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Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.2x...

Complete the balance sheet and sales information using the following financial data:

Total assets turnover: 1.2x
Days sales outstanding: 31.5 daysa
Inventory turnover ratio: 5x
Fixed assets turnover: 2.5x
Current ratio: 2.1x
Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 30%
aCalculation is based on a 365-day year. Do not round intermediate calculations. Round your answer to the nearest cent.

Balance Sheet
Cash $   Current liabilities $  
Accounts receivable    Long-term debt 62,500
Inventories    Common stock   
Fixed assets    Retained earnings 75,000
Total assets $250,000 Total liabilities and equity $  
Sales $   Cost of goods sold $  

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