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

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We are given the following information for the Pettit Corporation. Sales (credit) Cash Inventory Current liabilities Asset turnover Current ratio Debt-to-assets ratio Receivables turnover $ 3,549,000 179,000 911,000 788,000 1.40 times 2.95 times 40 % 7 times Current assets are composed of cash, marketable securities, accounts receivable, and inventory. Calculate the following balance sheet items. (Do not round Intermediate calculations. Round your an dollar amount.) a. Accounts receivable b. Marketable securities c. Fixed assets d. Long-term debt

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