Problem 7 (Ratio Analysis): Fill in the blank to complete the balance sheet and sales information for Dapitan Corporation, using the following financial data: Debt/Net Worth 50% Average collection period 30 days Quick Ratio 1.2 Gross profit margin 30% Total Asset Turnover 2.0 times Sales to inventory turnover 5 times Cash Accounts Payable Accounts Receivable Paid-In Capital 25,000 Inventories Retained Earnings 35,000 Property, Plant and Equipment Total Assets Total Liabilities and Equity Sales Cost of Goods Sold