8. Financial statements and ratios Aa Aa An analyst is conducting a financial analysis of Harmony Inc. She doesn't have Harmony's full financial statements, but she knows the firm had accounts payable of $100 million and accounts receivable of $200 million. Harmony generated sales of $2,000 million and had cost of goods sold of $1,600 million, resulting in net income of $100 million. She also has the following financial ratio information Current ratio Inventory turnover ratio Fixed asset turnover ratio ROE ROA 1.6667 times 8 times 4 times 25.0% 10.0% The ratios calculated above use end-of-year balance sheet values, rather than average values. Complete this balance sheet based on the ratios and income statement data. All figures are in millions of dollars. Harmony Inc.: December 31 Balance Sheet Cash Accounts receivable Accounts payable Notes payable Current liabilities Long-term debt Total liabilities Total common equity Total liabilities and equity $100 200 Current assets Net fixed assets Total assets