Q$11)$Using the following information, complete the balance sheet given below :

Total Debt $to$ net worth : $0\mathrm{.}5$:$1$

Turnover $of$ total assets : $2$ times

$(basedon$ year$-$end sales figures$)$

Gross profit : $30\%$

Average collection period : $40$ days

$(basedon360-$days a year$)$

Inventory turnover.

$(basedon$ COGS $\frac{?}{?}$& year$-$end inventory$)$

Acid test ratio : $0\mathrm{.}75$:$1$

$\backslash$table$[[$Liabilities$,$Amt. $,$Assets,Amt. $],[$Notes & Accounts payable,$--,$Cash,$--],[$Common Stock,$2,00,000,$Accounts Receivable,$--],[$Retained Earnings,$3,00,000,$Inventory,$--],[,,$Plant & Equipment,$--],[$Total$,--,$Total,$--]]$