2. The University Club has food sales of $4,000,000 and a food cost of 40 percent. The University Club's current ratio is 2, its food inventory turnover ratio is 16, and its average collection period is 45 days. Assume a year has 360 days. Complete the current section of the University Club's balance sheet. Cash $150,000 Accounts Receivable Food Inventory Total Current Assets Accounts Payable Accrued Expenses $100,000 Total Current Liabilities