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(Pro forma balance sheet construction) Use the following industry-average ratios to construct a pro forma balance sheet for Karen's Beauty Products, Ine Fill in the

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(Pro forma balance sheet construction) Use the following industry-average ratios to construct a pro forma balance sheet for Karen's Beauty Products, Ine Fill in the assets section of the pro forma balance sheet (Round all items to the ne Cash Accounts receivable Inventories Net fixed assets Total assets Data table (Click on the following icon in order to copy its contents into a spreadsheet) Total asset tumover 1.5 times 15 days Average collection period (assume 365-day year) Fixed asset turnover 8 times Inventory turnover (based on cost of goods sold) Current rato Data Table Sales (all on credit) Cost of goods sold Debt ratio 4 times 10 times $3.000.000 75% of sales 50% - X

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