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Question

Complete the balance sheet and sales information using the following financial data: Total assets turnover: 1.3x Days sales outstanding: 36 daysa Inventory turnover ratio: 6x Fixed assets turnover: 3.5x Current ratio: 1.5x Gross profit margin on sales: (Sales - Cost of goods sold)/Sales = 25% aCalculation is based on a 365-day year. Do not round intermediate calculations. Round your answer to the nearest cent.