Current assets = ____________.

Long-term debt = ____________

Total assets =___________

Financial Data for Fedrekoko, Inc. (Unless otherwise noted, all data is for December 31, 2020) Number of shares outstanding 50,000 Average collection period (days) 18 Sales $800,000 Accounts payable days 9 Gross profit margin 35% Capital surplus $138,500 Inventory turnover ratio 4 Total dividends paid $4,000 Cash $40,000 Accruals $22,500 Net profit margin 20% Quick ratio 1.6 Return on assets 20.0% Debt ratio 40% Percent of sales for cash 25% Assume a 360-day year and assume that the only accounts on the balance sheet are those listed below. Fill in this chart with the data provided and then answer questions 48, 49 and 50. NOTE: When you create the balance sheet associated with the data above, round all figures (if necessary) to the nearest whole dollar (i.e., to 0 decimal places). Be sure that your final balance sheet balances. Cash Accounts receivable Inventory Net fixed assets Total assets Notes payable Accounts payable Accruals Long-term debt Common stock ($0.50par value) Capital surplus Retained earnings Total liab. & equity