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2. Simon Corporation has sales of $1,500,000 and 75 percent sales are on credit. Given the following ratios, fill in the balance sheet below. Total assets turnover 4 times Cash to total assets 2.0% Average daily collection period 42 days Inventory Turnover 12 times Fixed assets turnover 6 times Current ratio 4 times Debt to total assets 70.0% Balance sheet Assets Liabilities & Stockholders' equity Current Debt Cash A/R Inventory Total Current Assets Fixed assets Total Assets Long-term Debt Total Debt Equity Debt & stockholders' equity