Use the Leno Co. financial data given below to answer the following 7 questions: Ratios Total Assets Turnover Fixed Assets Turnover DSO (Year is 360 days) Quick Ratio Return on Assets Value 2 4 45 2 20% Total Assets Total liabilities and equity Cash $ 2,000 Accounts payable ?? A/R ?? Long-term debt $ 4,000 Inventories ?? Common equity ?? Fixed Assets ?? Retained Earnings $ 1,750 Total Assets $11,000 Total liabilities and equity ?? Sales ?? 14. What is Total liabilities & Equity? (use the financial data above) O $1,000 $ 9.750 $11,000 $ 10,750 15. What is the sales level? (use the financial data above) $ 40,000 $ 22,000 $ 20,000 O $10,000 16. What is the fixed assets level? (use the financial data above) $3,000 $ 8,000 $5,000 $ 5,500 17. What is the value of Accounts Receivables? (use the financial data above) $ 13,000 $ 2,750 $ 2,000 $ 33,000 6:52 0 ...l 17% 18. What is the inventory level? (use the financial data above) $ 2,300 $ 750 $ 3,000 $ 3,800 19. What is the value of Accounts Payable? (use the financial data above) $ 3,800 - $ 3,800 $ 2,800 $ 2,375 20. What is the value of common equity? (use the financial data above) * $ 12,800 $ 1,200 $ 2,875 O $ 1,275