Number of shares outstanding Sales Gross profit margin Inventory turnover ratio Notes payable Net profit margin Return on assets 15,000 $200,000 20% 4 $10,000 15% 7.5% Average collection period (days) Accounts payable days Retained earnings (2018) Dividend payout ratio Accruals Current ratio Debt ratio 60 90 $23,700 80% $5,000 1.5 40% Note: Of total sales. 60 percent are on credit and the remainder are cash sales. Assume a 360-day year. All data in the table above, unless otherwise stated, is for the year 2019. Cash Accounts receivable Inventory Net fixed assets Hodun, Inc. Balance Sheet for the Year Ending December 31, 2019 Notes payable Accounts payable Accruals Long-term debt Common stock ($2 par value) Capital surplus Retained earnings Total liab. & equity Total assets = 31. Cash = 32. Long-term debt = 33. Total assets = 34. Capital surplus =