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mound i Data Table - X Total asset turnover 1.4 times Average collection period (assume 365-day year) 16 days Fixed asset turnover 5 times Inventory

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mound i Data Table - X Total asset turnover 1.4 times Average collection period (assume 365-day year) 16 days Fixed asset turnover 5 times Inventory turnover (based on cost of goods sold) 4 times Current ratio 1.9 times Sales (all on credit) $4,000,000 Cost of goods sold 75% of sales Debt ratio 50% (Click on the icon located on the top-right corner of the data table above in order to copy its contents into a spreadsheet.) Print Done (Pro forma balance sheet construction) Use the following industry-average ratios to construct a prof Fill in the assets section of the pro forma balance sheet. (Round all items to the nearest dollar.) Cash $ Accounts receivable Inventories Net fixed assets Total assets $ Fill in the liabilities and common equity section of the pro forma balance sheet. (Round all items to the Current liabilities $ Long-term debt Total liabilities Common equity Total liabilities and common equity $

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