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 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) Inventory turnover Current liabilities Current ratio Average collection period $ 540,000 10 times $ 75,000 3 36 days Partial Balance Sheet Current assets: Cash Accounts receivable Inventory Total current assets $ 0
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