(Pro forma balance sheetconstruction) Use the following industry averageratios

to construct a pro forma balancesheet,for CarlosMenza, Inc.:

Total asset turnover 2.5 times Average collection period (assume a 365-day year) 8.7 days 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%

Thecompany's cost of goods sold is $. (Round to the nearestdollar.)

Thecompany's total assets are (Round to the nearestdollar.)

Thecompany's fixed assets are (Round to the nearestdollar.)

Thecompany's accounts receivable is (Round to the nearestdollar.)

Thecompany's inventories are (Round to the nearestdollar.)

Thecompany's current liabilities are (Round to the nearestdollar.)

Thecompany's total liabilities are(Round to the nearestdollar.)

Complete CarlosMenza's balance sheetbelow:

Cash ____ Current Liabilities____

Accnts Receivable _______ Long Term Debt _____

Inventory _____ Total Liabilities _______

Net Fixed Assets _______ Common Equity _____

Total ________ Total ________