Paragraph 5 23 Styles 7. You are given the following information for Pettit Corporation. Sales (credit) Cash. Inventory Current liabilities Asset turnover Current ratio Debt-to-assets ratio Receivables turnover $3,000,000 150,000 850,000 700,000 1.25 times 2.50 times 40% 6 times Current assets = cash + marketable securities + accounts receivable + and inventory. Calculate the following balance sheet items: Accounts receivable Marketable securities Capital assets Long-term debt