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We are given the following information for Pettit Corporation. Sales (credit) Cash Inventory Current liabilities Asset turnover Current ratio Debt-to-assets ratio Receivables turnover $4,344,000 211,000

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We are given the following information for Pettit Corporation. Sales (credit) Cash Inventory Current liabilities Asset turnover Current ratio Debt-to-assets ratio Receivables turnover $4,344,000 211,000 933,000 788,000 1.85 times 2.25 times 45% 8 times Current assets are composed of cash, marketable securities, accounts receivable, and in Calculate the following balance sheet items: a Accounts receivable b. Marketable securities c. Capital assets d. Long-term debt $ $ 5

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