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Problem 2 - 1 1 Given the following information, complete the balance sheet shown next. table [ [ Collection period, 6 7 , days

Problem 2-11
Given the following information, complete the balance sheet shown next.
\table[[Collection period,67,days],[Days' sales in cash,33 days,],[Current ratio,2.4,],[Inventory turnover,5,times],[Liabilities to assets,65%,],[Payables period,37 days,]]
(All sales are on credit. All calculations assume a 365-day year. The payables period is based on cost of goods sold.)
Note: Round your answers to the nearest whole dollar.
\table[[Assets,],[Current assets:,],[Cash,1,600,000
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