II. Problems 2. (24 points) Complete the following balance sheet using the information provided (assume a 365 day year) Current Ratio = 6.25 Total Asset Turnover = 1.52 X Inventory Turnover-7.6X Average Collection Period- 32.02 days Debt Ratio-.38 Cash Accounts Receivable Debt $940,000 Inventory Fixed Assets Earnings Accounts Payable Long Ternm Common Stock$960,000 Retained Total Assets Equity S3,000,000 Tot Liab & Sales