Use the following industry average ratios to construct a pro-forma statement of Financial Position (Balance Sheet) for Lascu Distribution Ltd.
Total Asset Turnover	2 times
Average Collection Period (Assume 365 days)	9 days
Fixed Asset Turnover	5 times
Inventory Turnover	3 times
Current Ratio	2 times
Sales (all credit)	$4.0 million
Cost of Sales	75% of sales
Debt Ratio	50%

You will need to find

1. Total Assets 5. Cash
2. Net Fixed Assets 6. Current Liabilities
3. Inventory 7. Common Equity
4. Accounts Receivables 8. Long-term debt 9. Total debt & Equity