USE THE FOLLOWING INFORMATION TO FILL IN THE BALANCE SHEET BELOW TO ANSWER QUESTIONS 31 through 34 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% 20% Average collection period (days) Accounts payable days Retained earnings (2015) Dividend payout ratio Accruals Current ratio Debt ratio 60 30 $ 237,000 60% $ 40,000 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 2016. Cash Hodun, Inc. Balance Sheet for the Year Ending December 31, 2016 Notes payable Accounts payable Accounts receivable Inventory Net fixed assets Accruals Total assets Long-term debt Common stock ($2 par value) Capital surplus Retained earnings Total liab. & equity 31. Cash = 32. Long-term debt = 33. Total assets = 34. Capital surplus =