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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 $ 4,109,000 243,000 939,000 745,000 1.40 times 2.70 times 45 % 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 final answers to the nearest whole number.) X Answer is not complete. a. Accounts receivable 587,000 b. Marketable securities C. Fixed assets d. Long-term debt

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