3. Calculate Builtrites balance sheet based upon the following information:

(360 day year, all credit sales)

Net profit margin 10%

Current Ratio 2

Quick Ratio 1

Net Profit after taxes $900,000

Average Collection Period 18 days

Debt Ratio 40%

Total Asset Turnover 2

Current Liab/Common Equity 20%

Cash __________ Current Liabilities __________

Accts Rec __________ Long-term Debt __________

Inventory __________ Total Debt __________

Total CA __________ Common Equity __________

Fixed Assets __________ Total Liab & CE __________

Total Assets __________

Please show all Formulas Used