Use the following industry-average ratios to construct a pro forma balance sheet for Karen's Beauty Products, Inc.:

Fill in the assets section of the pro forma balance sheet

Total asset turnover 1.6 times Average collection period (assume 365-day year) 16 days Fixed asset turnover 6 times Inventory turnover (based on cost of goods sold) 3 times Current ratio 2.0 times Sales (all on credit) 5,000,000 Cost of goods sold 70% of sales Debt ratio 60%

answering the following below

Cash $ ______

Accounts receivable _______

Inventories ________

Net fixed assets _________

Total assets $ ________

round all to nearest dollar