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Q No.8 The Shannon Corporation has Sales of $750,000. Given the following ratios, fill in the balance sheet below: Total asset turnover Cash to total assets Accounts Receivable Turnover Inventory turnover Current Ratio Debt to Total assets 2.5 times 2.0 percent 10.0 times 15.0 times 2.0 times 45.0 percent SHANNON CORPORATION BALANCE SHEET, 1999 Assets Liabilities & Shareholder's Equity Cash Accounts Receivable Inventory Total Current assets Total Current Liabilities Long term Debt Total Debt Net Worth Fixed Assets Total Assets Total Liabilities & Equity