Problem 14-5 (similar to) (Pro forma balance sheet construction) Use the following industry-average ratios to construct a pro forma balance sheet for Karen's Beauty Products, Inc.: Fill in the assets section of the pro forma balance sheet. (Round all items to the nearest dollar) Cash Accounts receivable Inventories Net foxed assets Total assets Data Table 15 days (Click on the following icon in order to copy its contents into a spreadsheet.) Total asset turnover 1.5 times Average collection period (assume 365-day year) Fixed asset turnover 6 times Inventory turnover (based on cost of goods sold) 3 times Current ratio 1.9 times Sales (all on credit) $4,000,000 Cost of goods sold 75% of sales Debt ratio 40% Print Done Enter your answer in the edit fields and then click Check Answer. 1 part remaining Clear All MacBook Pro