7) Using ratios to construct financial statements. (5 POINTS) The following information is from L.B. Cool, Inc.'s Financial Statements. Sales (all credit) were S12 million and Cost of Goods Sold (COGs) were S8 million for year 2005. Use the ratios below to fill in the balance sheet that follows: (Round off all numbers to whole dollars) Current ratio 3 times (3 to 1 ratio) 30 days 20 times 5 times Average # of collection days Use a 360-day year) Inventory turnover Fixed asset turnover (Sales/Total fixed assets) 40% Debt-to-assets ratio Debt ratio)