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 $18.00 million for last year.

Sales to total assets	1.20	times
Total debt to total assets	45	%
Current ratio	2.80	times
Inventory turnover	6	times
Average collection period	24	days
Fixed asset turnover	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	$1,000,000.00	Current debt
Accounts receivable	1,000,000.00	Long-term debt
Inventory		Total debt
Total current assets
Fixed assets		Equity
Total assets		Total debt and stockholders' equity