Suppose that Royval Inc has the following data:

Total assets turnover 1.5
Days sales outstanding 36.5 days
Inventory turnover ratio 5
Fixed assets turnover 4
Current ratio 2
Gross profit margin on sales: 30.00%

Also suppose that Royval Inc has the following balance sheet:

Balance Sheet
Assets Liabilities
Cash Current Liabilities
Accounts receivable Long-term debt $114,750
Inventories Common stock
Fixed assets Retained earnings $110,500
Total assets $425,000 Total Liabilities and equity
Sales Cost of goods sold

Given the value of total assets turnover, along with the level of total assets given, this means that Royval’s sales must be _____ . Given the value of DSO, along with the level of sales you already calculated, this means that Royval’s receivables must be _____.

Given the value of the inventory ratio, along with the level of sales you already calculated, this means that Royval’s inventories must be____ . Given the value of the fixed assets turnover ratio, as well as the level of sales, this means that Royval’s fixed assets must be equal to____ .
Solving for cash yields a value of cash of ____ for Royval. Given the current ratio of 2 and values of cash, accounts receivable, and inventories, the level of current liabilities must be _____ .
Given the level of retained earnings, current liabilities, and long-term debt, along with the relationship between total assets and total liabilities and equity, this means that Royval’s common stock must be ____ .
Given the gross profit margin and the level of sales you have already calculated, this means that Royval has a cost of goods sold of _____.