Sandhill Corporation Balance Sheet as of December 31, 2017 Liabilities and Equity: Assets: Cash and marketable securities 2060438 Accounts payable and accruals 900000 Accounts receivable 281562 Notes payable 300,000 Inventory 430000 Total current assets 2772000 Total current liabilities 1200000 Long-term debt $2,000,000 Net plant and equipment 5228000 Common stock 3550000 Retained earnings $1,250,000 Total assets $8,000,000 Total liabilities and equity 8000000 You have the following information: Debt ratio DSO Current ratio Inventory turnover ratio Net sales Cost of goods sold 45 % 33 days 1.83 = 4.000 = $2.42 million = $2.3050 million