Problem $3-35($Algo$)$ Using ratios to construct financial statements $[$LO$3-2]$

The following information is from Harrelson Incorporated's, financial statements. Sales $($all credit$)$ were $$28\mathrm{.}80$ million for last year.

Sales to total assets

Total debt to total assets

Current ratio

Inventory turnover

Average collection period

Fixed asset turnover

$1\mathrm{.}60$ times

$45\%$

$3\mathrm{.}20$ times

$8$ times

$23$ days

$5$ times

Complete the balance sheet:

Note: Use a $360-$day year. Do not round intermediate calculations. Input your answers in millions rounded to $2$ decimal places.

$\backslash$table$[[,$$ in millions,,$ in millions$],[$Cash$,,$Current debt,$],[$Accounts receivable,,Long$-$term debt,$],[$Inventory$,,$Total debt,$],[$Total current assets,,,$],[$Fixed assets,,Equity,$],[$Total assets,,Total debt and stockholders' equity,$]]$