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Construct the current assets section of the balance sheet from the following data. ( Use 3 6 5 days in a year. Do not round

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.)

 Yearly sales (credit)  $420,000 

Inventory turnover (from sales)   7  times

Current liabilities $80,000 

Current ratio 2 

Quick ratio 1.25 

Average collection period 36  days

Current assets:

Cash $

Accounts receivable

Inventory


Total current assets $


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