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Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1×...

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

Total assets turnover: 1×
Days sales outstanding: 73.0 daysa
Inventory turnover ratio: 4×
Fixed assets turnover: 3.0×
Current ratio: 2.0×
Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 20%
aCalculation is based on a 365-day year.

Do not round intermediate calculations. Round your answers to the nearest dollar.

Balance Sheet
Cash $   Current liabilities $  
Accounts receivable    Long-term debt 48,000
Inventories    Common stock   
Fixed assets    Retained earnings 60,000
Total assets $240,000 Total liabilities and equity $  
Sales $   Cost of goods sold $  

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