(5 marks) the balance sheet for General Aviation, Inc, based on the following financial data. Balance Sheet General Aviation, Ine. December 31,2016 Asscts Liabilities and Stockhoders Eqi Cash Marketable sccurities Accounts receivable In ventories $30,000 25,000 Accounts payable Notes payabk $120 000 20000 Total current assets Net fixed assets Total assets Total current liabilities_ Long-term debt Stockholders' equity Total liabilities and 600.900 stockbolders' equity Key Financial Data (2016) 1. Sales totaled $1,800,000. 2. The gross profit margin was 25 percent. 3. Inventory turned 6 times. 4. There are 365 days in a year. 5. The average collection period was 40 days. 6. The current ratio was 1.60. 7. The total asset turnover was 1.20 8. The debt ratio was 60 percent