Question 9 2 pts Builtrite Bakery is a new firm specializing in all-natural ingredient pastry products. In attempting to determine what the financial position of the firm should be the financial manager obtained the following average ratios for the baking industry for 2020 60% 3 times 20% Common equity / total assets Total assets turnover Long-term debt / total assets Current ratio Quick ratio Average collection period (360-day year) 1.2 75 10 days Complete the accompanying projected balance sheet for Builtrite Bakery assuming 2021 sales (all credit) are $5,400,000 Builtrite Bakery projected Balance Sheet ending December 31, 2021 Cash Acets. Receivable Inventory Current Liabilities Long Term Debt Total Debt Tot. Current assets Common Equity Fixed assets Tot. Liabilities & equity. Total Assets Based upon the above information, the level of accounts receivable equals: $78,000 O $142.000 = Fixed assets Tot. Liabilities & equity. Total Assets Based upon the above information, the level of accounts receivable equals: $78,000 $142,000 $144,000 $150,000 Previous