Question: Construct the current assets section of the balance sheet from the following data. (Use cash as a plug figure after computing the other values.) (Use

 Construct the current assets section of the balance sheet from the

Construct the current assets section of the balance sheet from the following data. (Use cash as a plug figure after computing the other values.) (Use a 360-day year. Do not round intermediate calculations.) $ 520,000 Yearly sales (credt) Inventory turnover Current hablies Current rato Average collection period 13 times $ 53000 36 days Partial Balance Sheet Current assets Cash Accounts recevable Inventory otal current assets

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