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Complete the financial statement of Incheon Corporation using the following information. Current Ratio = 70%, Total Assets Turnover = 2 weeks, Sales Receivables Collection Period

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Complete the financial statement of Incheon Corporation using the following information. Current Ratio = 70%, Total Assets Turnover = 2 weeks, Sales Receivables Collection Period = 36 days (based on 360 days a year) Gross Profit to Net Sales Ratio = 20%, Inventory Turnover Ratio = 5 revolutions, Non-current Asset Turnover Ratio = 8 revolutions Statement of Financial Position (in thousands) Cash() Accounts Payable (1) Accounts Receivable ( ) Principal() Inventory assets() Capital surplus 150,000 Non-current assets) Profit surplus 50,000 Total assets 1,000,000 Total liabilities and capital 1,000,000 Other items are assumed to be zero

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