Use the following industry average ratios to construct a pro forma balance sheet for Carlos Menza,Inc. Total

Use the following industry average ratios to construct a pro forma balance sheet for Carlos Menza,Inc.

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Total asset turnover Average collection period (assume a 365-day year) Fixed asset turnover Inventory turnover (based on cost of goods sold) Current ratio Sales (all on credit) Cost of goods sold Debt ratio 2 times 9 days 5 times 3 times 2 times $4.0 million 75% of sales 50% Cash Inventory Accounts receivable Current liabilities Long-term debt Retained earnings on stock plus Net fixed assets Total_ Total $ -