2. Calculate Builtrites balance sheet based upon the following information:

(365 day year, all credit sales)

Sales $4,000,000

Current Ratio 2

Fixed Asset Turnover 5

Average Collection Period 9 days

Cost of goods sold 75% of sales

Debt Ratio 50%

Total Asset Turnover 2

Inventory Turnover (COGS) 3

Cash __________ Current Liabilities __________

Accts Rec __________ Long-term Debt __________

Inventory __________ Total Debt __________

Total CA __________ Common Equity __________

Fixed Assets __________ Total Liab & CE __________

Total Assets __________

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