Table 2.1 Balance Sheet Cole Eagan Enterprises December 31, 2005 Accounts Pavable Notes Payable Accounts Receivable Total Current Assets Net Fixed Assets Total Assets Total Curent Liabilities Long-Term Debt Stockholders Equity Total Liabilities & S.E. Information 2005 values) 1. Sales totaled $110,000 2. The gross profit margin was 25 percent 3. Inventory turnover was 3.0. 4. There are 360 days in the year. 5. The average collection period was 65 days. 6. The current ratio was 2.40. The total asset turnover was 1.13 8. The debt ratio was 53.8 percent. Net fixed assets for Cole Eagan Enterprises in 2005 were (See Table Seleccione una A $69,341 O B. $48,975 e c. $54,511 D. $45,484