Using the ratios as a basis for planning for next year, forecast the Lilac Company's Balance Sheet using the projected information below. Round to the nearest dollar. Fill in all blanks (a - 1) and show all work. Use 365 days. Sales $24,000,000 Cash $900,000 Accruals $80,000 Gross margin 35% DSO 38 days Inventory turnover 6.0X (Based on COGS) Total Asset turnover 1.4X Current ratio 2.5 Debt: Equity 1:3 BALANCE SHEET Next Year ASSETS a. Cash b. Accounts receivable LIABILITIES & EQUITY g. Accounts payable h. Accruals c. Inventory d. Current Assets e Net fixed assets. C $ 14 4 i. Current Liabilities j. Long-Term Debt k Fauity MacBook Pro % 25 G Search or type URL 6 27 * 00 8 ( 9