Construct the current assets section of the balance sheet from the following data. (Use 365 days in a year. Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) $420,000 7 times $80,000 2 1.25 Yearly sales (credit) Inventory turnover (from sales) Current liabilities Current ratio Quick ratio Average collection period Current assets: Cash Accounts receivable Inventory 36 days $ 60000 Total current assets $ 160000