Problem $2-11$

Given the following information, complete the balance sheet shown next.

$\backslash$table$[[$Collection period,$67,$days$],[$Days$\text{'}$ sales in cash,$33$ days,$],[$Current ratio,$2\mathrm{.}4,],[$Inventory turnover,$5,$times$],[$Liabilities to assets,$65\%,],[$Payables period,$37$ 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.

$\backslash$table$[[$Assets$,],[$Current assets:,$],[$Cash$,1,600,000$