Use the following industry average ratios, to construct a pro forma balance sheet, for Mendoza Distributors, Inc. The company's cost of goods sold is $ nothing. (Round to the nearest dollar.) The company's total assets are $ nothing. (Round to the nearest dollar.) The company's fixed assets are $ nothing. (Round to the nearest dollar.) The company's accounts receivable is $ nothing. (Round to the nearest dollar.) The company's inventories are $ nothing. (Round to the nearest dollar.) The company's current liabilities are $ nothing. (Round to the nearest dollar.) The company's total liabilities are $ nothing. (Round to the nearest dollar.) Complete Mendoza Distributors' balance sheet below: (Round to the nearest dollar.)
Total asset turnover 2.4 times
Average collection period (assume a? 365-day year) 8.5 days
Fixed asset turnover 5.3 times
Inventory turnover (based on cost of goods sold) 2.8 times
Current ratio 2.2 times
Sales (all on credit) $3.61 million
Cost of goods sold 79% of sales
Debt ratio 53%