Given the following information, complete the balance sheet shown next. Collection period Days' sales in cash Current ratio Assets Current assets: Cash Accounts receivable Inventory Total current assets Net fixed assets Total assets Inventory turnover 5 Liabilities to assets 75% Payables period 37 days (All sales are on credit. All calculations assume a 365-day year. The payables period is based on cost of goods sold.) Note: Round your answers to the nearest whole dollar. Liabilities and shareholders' equity Current liabilities: 68 days 34 days Accounts payable Short-term debt Total current liabilities Long-term debt 2.4 times $ 1,600,000 $ 2,000,000 7,000,000 1,013,699

Given the following information, complete the balance sheet shown next (All sales are on credit. All calculations assume a 365-day year. The payables period is based on cost of goods sold.) Note: Round your answers to the nearest whole dollar. (All sales are on credit. All calculations assume a 365-day year. The payables period is based on cost of goods sold.) Note: Round your answers to the nearest whole dollar