Use the following industry average ratios to construct a pro forma balance sheet for Carlos Menza, Inc.

Total asset turnover - 1.8 times Average collection period (assume a 365-day year) - 9.4 days Fixed asset turnover - 4.8 times Inventory turnover (based on cost of goods sold) - 3.4 times Current ratio - 2.1 times Sales (all on credit) - $4.19 million Cost of goods sold - 72% of sales Debt ratio - 50% 1. the company's cost of goods sold is $_____________ (Round to the nearest dollar)

2.The company's total assets are $___________(round to the nearest dollar)

3. The company's fixed assets are $___________(round to the nearest dollar)

4. The company'saccounts recievable is $___________(round to the nearest dollar)

5. The company's inventories are $___________(round to the nearest dollar)

6. The company's current liabities are $___________(round to the nearest dollar)

7. The company's total liabilities are $___________(round to the nearest dollar)

7. Pro Forma Balance Sheet

Cash _____ Current liabilities _____ Inventory _____ Long-term debt _____ Accounts receivable _____ Common stock plus _____ Net fixed assets _____ Retained earnings _____ Total $ _____ Total $ _____