USE THE FOLLOWING INFORMATION TO FILL IN THE BALANCE SHEET BELOW TO ANSWER QUESTIONS 31 through 34 60 15000 $200,000 20% Number of shares outstanding Sales Gross profit margin Inventory turnover ratio Notes payable Net profit margin Return on assets Average collection period (days) Accounts payable days Retained earnings (2014) Dividend payout ratio Accruals Current ratio Debt ratio 80% $8,000 15% 8% $4,000 1.5 40% Note: Of total sales, 60 percent are on credit and the remainder are cash sales. Assume a 360-day year. All data in the table above, unless otherwise stated, is for the year 2015. Hodun, Inc. Balance Sheet for the Year Ending December 31, 2015 Cash Notes payable Accounts receivable Accounts payable Inventory Accruals Net fixed assets Long-term debt Total assets Common stock ($2 par value) Capital surplus Retained earnings Total liab. & equity 31. Cash = 32. Long-term debt 33. Total assets =_ 34. Capital surplus =