Problem 2-11 Given the following information, complete the balance sheet shown next. Collection period Days' sales in cash Current ratio Inventory turnover 69 days 36 days 2.1 Liabilities to assets Payables period 5 times 80% 36 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 $ 1,200,000 1,900,000 $ 9,000,000