USE THE FOLLOWING INFORMATION TO FILL IN THE BALANCE SHEET BELOW TO ANSWER QUESTIONS 31 through 34 $237,000 Number of shares outstanding Sales Gross profit margin Inventory turnover ratio Notes payable Net profit margin Return on assets 15.000 $1,800,000 10% 10 $ 75.000 15% 208 Average collection period (days) Accounts payable days Retained earnings (2015) Dividend payout ratio Acoruals Current ratio Debt ratio GON $ 40.000 40 Note: or 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 2016. Hodun, Inc. Balance Sheet for the Year Ending December 31, 2016 Notes payable Cash Accounts receivable Accounts payable Inventory Accruals Net fixed assets Long-term debt Total assets Common stock (52 par value) Capital surplus Retained earnings Total liab. & equity 31. Cash 32. Long-term debt 33. Total assets - 34. Capital surplus