(Pro forma balance sheet construction)Use the following industry average ratios:

Total asset turnover	2.3 times
Average collection period (assume a 365-day year)	9.3 days
Fixed asset turnover	5.3 times
Inventory turnover (based on cost of goods sold)	3.1 times
Current ratio	2.5 times
Sales (all on credit)	$4.44 million
Cost of goods sold	71% of sales
Debt ratio	54%

to construct a pro forma balance sheet,for Carlos Menza, Inc.

The company's cost of goods sold is$. (Round to the nearest dollar.)

The company's total assets are $. (Round to the nearest dollar.)

The company's fixed assets are $. (Round to the nearest dollar.)

The company's accounts receivable is $. (Round to the nearest dollar.)

The company's inventories are $. (Round to the nearest dollar.)

The company's current liabilities are $. (Round to the nearest dollar.)

The company's total liabilities are $. (Round to the nearest dollar.)

Complete Carlos Menza's balance sheet below:(Round to the nearest dollar.)

Carlos Menza
Pro Forma Balance Sheet
Cash	$			Current liabilities	$
Accounts receivable				Long-term debt
Inventory				Total liabilities	$
Net fixed assets				Common equity
Total	$			Total	$