Question: (Constructing a pro forma balance sheet) Use the following industry average ratios, to construct a proforma balance sheet, for Mendoza Distributors, Inc The company's inventories

 (Constructing a pro forma balance sheet) Use the following industry average
ratios, to construct a proforma balance sheet, for Mendoza Distributors, Inc The
company's inventories are (Round to the nearest dollar) The company's current liabilities

(Constructing a pro forma balance sheet) Use the following industry average ratios, to construct a proforma balance sheet, for Mendoza Distributors, Inc The company's inventories are (Round to the nearest dollar) The company's current liabilities are $ (Round to the nearest doltar) The company's total liabilities are $ (Round to the nearest dollar) Complete Mendoza Distributors' balance sheet below: (Round to the nearest dollar (Constructing a pro forma balance sheet) Use the following industry average ration, to construd a proforma balance sheet 1. for Mendoza Distributors, Inc Cash $ $ Accounts receivable Inventory Net fixed assets Current liabilities Long-term debit Total liabilities Common equity Total Total B Total asset turnover 2.0 times Average collection period (assume a 365-day year) 9.0 days Fixed asset turnover 5.0 times Inventory turnover (based on cost of goods sold) 3.0 times Current ratio 2.0 times Sales (all on credit) $4.00 million Cost of goods sold 75% of sales Debt ratio 50%

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