Q6: Use the following information to complete the balance sheet below: Long-term debt to equity 0.5 Total asset turnover 2.5 times Average collection period 18 days (Assume a 360 days year and all sales on credit) Inventory turnover 9 times Gross profit margin 10% Acid-test ratio 1 time Balance Sheet Cash Accounts receivable Inventory Plant and equipment . Notes and payables 100,000 ong-term debt.. Common stock 100,000 Retained earnings 100,000 Total assets Total liabilities and shareholders' equity