Use the information to complete the balance sheet below. (Enter your answers in millions. Use 365...

 

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Use the information to complete the balance sheet below. (Enter your answers in millions. Use 365 days a year.) Cash Accounts receivable Inventory Current assets Fixed assets Total assets $ $ million million million 0 million million 0 million Current liabilities Long-term debt Total debt Stockholders equity Total liabilities and equity $ $ $ 430 million million 430 million million 430 million Current ratio = 23 times Credit sales = $730m Average collection period = 60 days Inventory turnover = 1.25 times Total asset turnover = 0.50 times Debt ratio = 75% Use the information to complete the balance sheet below. (Enter your answers in millions. Use 365 days a year.) Cash Accounts receivable Inventory Current assets Fixed assets Total assets $ $ million million million 0 million million 0 million Current liabilities Long-term debt Total debt Stockholders equity Total liabilities and equity $ $ $ 430 million million 430 million million 430 million Current ratio = 23 times Credit sales = $730m Average collection period = 60 days Inventory turnover = 1.25 times Total asset turnover = 0.50 times Debt ratio = 75%