USE THE FOLLOWING INFORMATION TO FILL IN THE BALANCE SHEET BELOW TO ANSWER QUESTIONS 31 through 34 Number of shares outstanding 15,000 Average collection period (days) 60 Sales $ 200,000 Accounts payable days 90 Gross profit margin 20% Retained earnings (2010) $ 23,700 Inventory turnover ratio 4 Dividend payout ratio 80% Notes payable $ 8,000 Accruals $ 4,000 Net profit margin 15% Current ratio 1.5 Return on assets 8% Debt ratio 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. Cash Hodun, Inc. Balance Sheet for the Year Ending December 31, 2015 Notes payable Accounts payable Accounts receivable Inventory Accruals Net fixed assets Long-term debt Total assets Common stock ($2 par value) Canitol eurkse Balance Sheet for the Year Ending December 31, 2015 Cash Notes payable Accounts payable Accounts receivable 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 =