Problem 3-36 We are given the following information for Pettit Corporation. Sales (credit) Cash Inventory Current liabilities Asset turnover Current ratio Debt-to-assets ratio Receivables turnover $2,925,000 186,000 895,000 793,000 1.25 times 2.65 times 45 % 5 times Current assets are composed of cash, marketable securities, accounts receivable, and inventory. Calculate the following balance sheet items: 3. Accounts receivable b. Marketable securities c. Capital assets d. Long-term debt