USE THE FOLLOWING INFORMATION TO FILL IN THE BALANCE SHEET BELOW TO ANSWER QUKSTIONS Ihrough 34 15.00 $200,000 20% Number of shares outstanding Sales Gross profit margin Inventory turnover ratio Notes payable Net profit margin Return on assets 4 Average collection period (days) Accounts payable days Retained earnings (2018) Dividend payout ratio Accruals Current ratio Debt ratio 60 90 $23,700 80% $5,000 1.5 40% $10,000 15% 7.5% 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 2019. Hodun, Inc. Balance Sheet for the Year Ending December 31, 2019 Cash Notes payable Accounts payable Accounts receivable Inventory Accruals Net fixed assets Long-term debe 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