Question: Problem 3-35 Using ratios to construct financial statements [LO3-2] The following information is from Harrelson Inc.'s, financial statements. Sales (all credit) were $25.20 million for
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Problem 3-35 Using ratios to construct financial statements [LO3-2] The following information is from Harrelson Inc.'s, financial statements. Sales (all credit) were $25.20 million for last year. Sales to total assets Total debt to total assets Current ratio Inventory turnover Average collection period Fixed asset turnover 1.40 times 35 % 2.80 times 6 times 20 days 5 times Complete the balance sheet: (Use a 360-day year. Do not round intermediate calculations. Input your answers in millions rounded to 2 decimal places.) $ in millions $ in millions Cash Current debt Accounts receivable Long-term debt Total debt Inventory Total current assets Fixed assets Equity Total debt and stockholders' equity Total assets
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