Given the following information, complete the balance sheet shown next. Collection period Days' sales in cash...

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Given the following information, complete the balance sheet shown next. Collection period Days' sales in cash Current ratio Inventory turnover Liabilities to assets Payables period 61 days 34 days 2.3 5 times 65% 35 days (All sales are on credit. All calculations assume a 365-day year. The payables period is based on cost of goods sold.) Note: Round your answers to the nearest whole dollar. Assets Current assets: Cash Accounts receivable Inventory Total current assets Net fixed assets Total assets Liabilities and shareholders' equity Current liabilities: Accounts payable Short-term debt Total current liabilities Long-term debt Shareholders' equity Total liabilities and equity $ 1,400,000 2,000,000 $ 9,000,000 4 Given the following information, complete the balance sheet shown next. Collection period Days' sales in cash Current ratio Inventory turnover Liabilities to assets Payables period 61 days 34 days 2.3 5 times 65% 35 days (All sales are on credit. All calculations assume a 365-day year. The payables period is based on cost of goods sold.) Note: Round your answers to the nearest whole dollar. Assets Current assets: Cash Accounts receivable Inventory Total current assets Net fixed assets Total assets Liabilities and shareholders' equity Current liabilities: Accounts payable Short-term debt Total current liabilities Long-term debt Shareholders' equity Total liabilities and equity $ 1,400,000 2,000,000 $ 9,000,000 4