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Total asset turnover 1.5 times Average collection period (assume 365-day year) 15 days Fixed asset turnover 5 times Inventory turnover (based on cost of goods

Total asset turnover

1.5

times

Average collection period (assume 365-day year)

15

days

Fixed asset turnover

5

times

Inventory turnover (based on cost of goods sold)

3

times

Current ratio

2.0

times

Sales (all on credit)

$4,000,000

Cost of goods sold

75%

of sales

Debt ratio

40%

Fill in the assets section of the pro forma balance sheet.(Round all items to the nearest dollar.)

Cash

$

Accounts receivable

Inventories

Net fixed assets

Total assets

$

Fill in the liabilities and common equity section of the pro forma balance sheet.(Round all items to the nearest dollar.)

Current liabilities

$

Long-term debt

Total liabilities

$

Common equity

Total liabilities and common equity

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