Problem 3-35 Ratio Analysis (LG3-1, LG3-5)

Current ratio = 2.3 times

Credit sales = $1,022m

Average collection period = 50 days

Inventory turnover = 1.40 times

Total asset turnover = 0.50 times

Debt ratio = 75%

Use the above information to complete the balance sheet below. (Enter your answer in millions. Round your answers to the nearest whole million. Use 365 days a year.)

Cash	$ m
Accounts receivable	m		Current liabilities	$	460 m
Inventory	m		Long-term debt		m
Current assets	$ m		Total debt	$	m
Fixed assets	m		Stockholders equity		m
Total assets	$ m		Total liabilities and equity	$	m