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.(Round all items to the nearest dollar.)

Total asset turnover 1.5 times Average collection period (assume 365-day year) 15 days Fixed asset turnover 6 times Inventory turnover (based on cost of goods sold) 3 times Current ratio 1.9 times Sales (all on credit) 4,000,000 Cost of goods sold 75% of sales Debt ratio 60%

Cash	$enter your response here
Accounts receivable	enter your response here
Inventories	enter your response here
Net fixed assets	enter your response here
Total assets	$enter your response here

Fill in the liabilities and common equity section of the pro forma balance sheet.(Round all items to the nearest dollar.)

Current liabilities	$enter your response here
Long-term debt	enter your response here
Total liabilities	$enter your response here
Common equity	enter your response here
Total liabilities and common equity	$enter your response here

Fill in the liabilities and common equity section of the pro forma balance sheet.(Round all items to the nearest dollar.)