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You are trying to prepare nancial statements for Bartlett Pickle Company, but seem to be missing its balance sheet. You have Bartlett s income statement,

You are trying to prepare nancial statements for Bartlett Pickle Company, but seem to be missing its balance sheet. You have Bartletts income statement, which shows sales last year were $330 million with a gross prot margin of 30 percent. You also know that credit sales equaled three-quarters of Bartletts total revenues last year. In addition, Bartlett had a collection period of 55 days, a payables period of 35 days, and an inventory turnover of 11 times based on cost of goods sold. Calculate Bartletts year-ending balance for accounts receivable, inventory, and accounts payable.

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