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.)

Construct the current assets section of the balance sheet from the following

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.) Yearly sales (credit) $735,000 Inventory turnover 15 times Current liabilities $88,000. 2 Average collection period 36 days Current ratio. Partial Balance Sheet Current assets: Cash Accounts receivable Inventory Total current assets $

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