CALCULATIONS) es with Reebock and e following dsta are from "3D" Company's e Sales (30% credit) were soo million for 2017. PART II: PROBLEMS-SHOW YOUR CALC financial statements. "3D" is a manufacturer of athletic sneakers for young adults, and it Nike 9. Sales to total assets Total debt to assets 2 times 60% 4.0 times Current ratio 5.0 times Inventory turnover 18 days 5.0 times Average collection period Fixed asset turnover Fill in the brief balance sheet: Cash Accounts receivable- Inventory Current debt Long-term debt Total debt Total current assets Fixed assets Total assets Net worth Total liabilities and equity 10. Frank's sporting goods projects sales for the second quarter of 2018 to be as follows: April S200,000 May $250,000 June $280,000 All ofFrank's sales are on credit, 30% ofcredit sales are collected one month following the sale and the rest are collected two months following the sale. January sales were $150,000, February sales were $180,000, and March sales were S280,000. A. Prepare a monthly schedule of cash receipts for the second quarter of 2018 B. What is the balance in accounts receivable at the end of June? Page 4