use the following industry average ratios to construct a pro forma balance sheet

- Data Table (Click on the following icon in order to copy its contents into a spreadsheet.) Total asset turnover 1.5 times Average collection period (assume 365-day year) 16 days Fixed asset turnover 6 times Inventory turnover (based on cost of goods sold) 4 times Current ratio 2.0 times Sales (all on credit) $5,000,000 Cost of goods sold 75% of sales Debt ratio 40% Print Done Fill in the assets section of the pro forma balance sheet. (Round all items to the nearest dollar.) Cash Accounts receivable Inventories Net fixed assets Total assets Fill in the liabilities and common equity section of the pro forma balance sheet. (Round all items to the nearest dollar.) Current liabilities Long-term debt Total liabilities Common equity Total liabilities and common equity SI FA