(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 1.8 times

Average collection period (assume a 365-day year 8.6 days

Fixed asset turnover 4.9 times

Inventory turnover (based on cost of goods sold) 3.5 times

Current ratio 1.8 times

Sales (all on credit) $3.69 million

Cost of goods sold 78% of sales

Debt ratio 50%

Cash ______ Current liabilities _____

Accounts Receivable ______ Long-term debt _____

Inventory ______ Total liabilities _____

Net Fixed assets ______ Common Equity _____

Total $______ Total $_____