Question 3: The following financial data are available for the BBS Corporation. Debt to asset ratio = 0.50 Average collection period = 36 days Quick ratio = 0.80 Gross Profit Margin = 25% Total asset turnover = 1.5 times Inventory turnover = 5 times Complete the following balance sheet. You must show all the necessary calculations. (4 Marks) [Assume all sales are on credit and one year = 360 days) Balance Sheet Accounts Payable Accounts Receivable Long-Term Debt Inventories Common Stock Fixed Assets Retained Earnings $300,000 Total liabilities and equity Cash 60,000 97,500 Total Assets