Given the financial data and ratios listed below for the Atlanta Company, determine what Atlanta Company recorded as Net fixed assets on its 2005 balance sheet. Sales $10,000 Gross profit margin 40% Inventory turnover ratio 4 times Net profit margin 8% Average collection period 45 days Return on equity 50% Return on assets 20% Cash $250 Current ratio 2.5 Accounts payable days 30 days Note: Of total sales, 80 percent are on credit and theremainder are cash sales. Assume a 360-day year. Use COGS for Inventory turnover ratio. Atlanta Company Balance Sheet for Year Ending December 31, 2005 Cash _________ Accounts receivable _________ Inventory _________ net fixed assets ________ Total assets _________ Notes payable_________ Accounts payable_________ Long-term debt_________ Equity_________ Total claims _________