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

(365 day year, all credit sales)

Sales $1,800,000

Gross Profit Margin 25%

Current Ratio 1.6

Average Collection Period 40 days

Debt Ratio 60%

Total Asset Turnover 1.2

Inventory Turnover 6

Cash $32,720 Accts Payable $120,000

Mkt. Securities 25,000 Notes Payable ___________

Accts Receivable __________ Accruals 20,000

Inventory __________ Total CL ___________

Total CA __________ LT Debt ___________

Fixed Assets __________ Common Equity $600,000

Total Assets __________ Total Liab & CE ___________

Please show all formulas and calculations