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QUESTION 12 Complete the balance sheets and sales information in the following table, using the...

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QUESTION 12 Complete the balance sheets and sales information in the following table, using the following financial data: Total assets tumover: 2.0 Gross profit margin on sales: 75% Total liabilities-to-assets ratio: 80% Quick ratio: 1.083333333 Days'sales outstanding (based on 365-day year): 82.125 Inventory turnover ratio: 3.333333333 Partial income statement information Sales: Cost of goods sold: Balance sheets information: $200,000 Cash Accounts receivable Inventories Fixed assets Total assets Accounts payable Long-term debt Common stocks Retained earnings Total liabilities & equity $120.000 $1,000,000 a. Calculate the firm's sales and cost of goods sold? (5 points) b. Calculate the accounts receivable, inventories, and total liabilities and equity. (5 points) c. Calculate the total liabilities, current assets, current liabilities (account payable). (5 points) d. Calculate the cash, fixed assets, common stocks. (5 points)

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