Question 2 370,000 Table 3.1 Bee Shre Cole Kagan Enterprises December 31, 2013 Cash 30 Accounts Payable Accounts Receivable Notes Payable Inventory Aceras Total Current Assets Total Current Labs Net Fixed Ant Long-Term Debt Total Amets Stockholders' Equity Total Liabilities & SE 1.000 Information (2013 valued) 1. Sales totaled $110,000 2 The groae profit margin was 25 percent 3. Inventory tumover was 30 4. There are 360 days in the year 5. The average collection period was 65 days 6. The current ratio wa 240 7. The total asset tumover was 113 8. The debt ratio was 53 8 percent (See Table 3.1) Long-term debt for CEE in 2013 was 530,763 $52,372 $10,608 $41,372