As an airline financial analyst, your forecast of 2015 for DirectJet is as follows:

Sales: $200 million

Cost of goods sold: $100 million

You plan to use the following information to forecast next years balance sheet:

Inventory turnover = 5

Current ratio = 2

Asset turnover = 0.50

Debt ratio = 40%

Cash = $70 million

Accounts receivable turnover = 20

a. Forecast total assets.

b. Estimate the current assets.

c. Estimate the current liabilities.

d. Forecast the total shareholder equity.