Problem 3-33 Using ratios to construct financial statements [LO3-2] The Griggs Corporation has credit sales of $971,600. Total assets turnover 2.80 times 1.00 8 Cash to total assets Accounts receivable turnover 20 times Inventory turnover 14 times Current ratio 1.66 times 30 % Debt to total assets. Using the above ratios, complete the balance sheet. (Round your answers to the nearest whole dollar.) GRIGGS CORPORATION Balance Sheet Assets Liabilities and Stockholders' Equity Cash Current debt Accounts receivable Long-term debt Inventory Total debt Equity Total debt and stockholders' equity Total current assets Fixed assets Total assets