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.) Yearly sales (credit) Inventory tumover Current liabilities Current ratio Average collection period $ 986,000 17 times $ 92,000 2. 36 days Partial Balance Sheet Current assets: Cash Accounts receivable Inventory Total current assets $ 0

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