31. The Griggs Corporation has credit sales of $1,200,000. Given the following ratios, fill in the balance sheet below.

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Total assets turnover. Cash to total assets.. Accounts receivable turnover Inventory turnover Current ratio Debt to total assets Assets Cash Accounts receivable Inventory.... Total current assets Fixed assets Total assets 2.4 times. 2.0% 8.0 times 10.0 times 2.0 times 61.0% GRIGGS CORPORATION Balance Sheet 2008 Liabilities and Stockholders' Equity Current debt Long-term debt Total debt Equity... Total debt and stockholders' equity