Use the Leno Co. financial data given below to answer the following 7 questions: Value Ratios Total Assets Turnover ed Assets Turnover OSO (Year is 360 days) Quick Ratio Return on Assets 2 20% Total Assets Total liabilities and equity Cash $ 2.000 Accounts payable ?? WR 22 Long-term debe $ 4,000 Inventories 22 Common equity 22 Fred Assets 72 Retained Earning $ 1.750 Tot Assets $11,000 Total liabilities and equity ?? Sales ?? 14. What is Total liabilities & Equity? (use the financial data above) $ 10,750 O $ 9,750 $11,000 O $1,000 None of the above 15. What is the sales level? (use the financial data above) * $ 20,000 O $ 22,000 O $ 40,000 $ 10,000 None of the above 16. What is the fixed assets level? (use the financial data above) $ 5,000 3,000 $ 5,500 $ 8.000 None of the above docs.google.com 17. What is the value of Accounts Receivables? (use the financial data above) O $2,000 $2,750 O $ 33,000 $ 13,000 None of the above 18. What is the inventory level? (use the financial data above) $3,000 $ 2,300 $ 3,800 O $ 750 None of the above 19. What is the value of Accounts Payable? (use the financial data above) O $3,800 $ 2,800 $ 2,375 O -$3,800 O None of the above 20. What is the value of common equity? (use the financial data above) $ 12,800 $ 1,200 $ 2,875 $ 1,275 None of the above