USE THE FOLLOWING INFORMATION TO CONSTRUCT A BALANCE SHEET . Gross profit margin 70% Inventory turnover ratio 5 times Sales $4,000 Net profit margin 5% Average collection period 45 days Return on equity 50% Return on assets 20% Cash $75 Current ratio 2.50 times Accounts payable days 30 days Note: Of total sales, 80 percent are on credit and the remainder are cash sales. Assume a 360-day year. Cash ______ Notes Payable _______ Account Receivable ______ Accounts Payable _______ Inventory _______ Long term debt _______ Net Fixed Assets _______ Equity ________ Total Assets _______ Total Claims ______ QUESTION: Cash = _____ QUESTION: Accounts Receivable ______ QUESTION: Inventory ______ QUESTION: Net Fixed Assets _____ QUESTION: Total Assets _______ NOTE: If necessary, round your answer to the nearest dollar and record your answer without a dollar sign and without any commas. Thus, record $2,000.63 as 2001