USE THE FOLLOWING INFORIHATION T0 CONSTRUCT A BALANCE SHEET TO ANSWER QUESTIONS 28 through 30 Sales 5 2,000,003 lGross profit margin 2% Inve ntorv turnover ratio (Cost of goods sold/inventory} 25 Net profit margin 4% Average collection period 45 Return on equity 25% Accumulated depreciation 5 75,00] Return on assets 12.5% Accounts payable days 18 Notes payable 5. 18,0CD lf-jross fixed assets 5 400,000 Percent of sales on credit (remainder are cash sales) 80% NOTE: Assume a 360 day year for all ratios, etc. Assume that the only accounts on the balance sheet are those listed below. Fill in this chart with the data provided and then answer questions 28, 29 and 30. Cash Notes payable Accounts receivable Accounts payable Inventory Long-term debt Gross xed assets Equity (Accumulated depreciation) Total liab & equity Net xed assets Total assets 28. Cash = 29. Long-tenn debt = 30. Total assets