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Current ratio = 2.2 times Credit sales = $730m Average collection period = 70 days Inventory turnover = 1.25 times Total asset turnover = 0.50
Current ratio = 2.2 times Credit sales = $730m Average collection period = 70 days Inventory turnover = 1.25 times Total asset turnover = 0.50 times Debt ratio = 70% Use the above information to complete the balance sheet below. (Enter your answer in millions. Use 365 days a year.) Cash Accounts receivable Inventory Current assets Fixed assets Total assets million million Current liabilities million Long-term debt 0 million Total debt million Stockholders' equity 0 million Total liabilities and equity HA $ 450 million million 450 million million 450 million HA $
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