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 $4,344,000 229,000 873,000 773,000 1.45 times 2.80 times 50 % 8 times Current assets are composed of cash, marketable securities, accounts receivable, and inventory. Calculate the following balance sheet items: a. Accounts receivable b. Marketable securities C. Capital assets d. Long-term debt