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

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%

Fill in the assets section of the pro forma balance sheet.(Round all items to the nearest dollar.)

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