(Pro forma balance sheet construction) Use the following industry average ratios to construct a pro forma balance sheet for Carlos Menza, Inc.

Total Asset turnover 2.5 times

Average collection period (assume a 365-day year) 8.7

Fixed asset turnover 5.2 times

Inventory turnover (based on cost of goods sold) 2.7 times

Current ratio 1.6 times

Sales (all on credit) $3.65 million

Cost of goods sold 71% of sales

Debt ratio 54%

Balance Sheet Accounts

Cash ______ Current liabilities _____

Inventory ______ Long-term debt _____

Accounts receivable ______ Total Liabilities__________

Common equity _____

Net Fixed assets _____

Total $______ Total $___