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Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.3x Days sales outstanding: 40.5 days Inventory turnover ratio: 7x Fixed assets turnover: 3x Current ratio: 2.4x Gross profit margin on sales: (Sales-Cost of goods sold)/Sales-1596 Calculation is based on a 365-day year. Do not round intermediate calculations. Round your answers to the nearest cent. Balance Sheet Cash Current liabilities Accounts receivable Inventories Fixed assets Total assets Long-term debt Common stock Retained earnings Total liabilities and equity 87,500 105,000 $350,000 Sales Cost of goods sold

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