Use the following industry average ratios to construct a pro forma balance sheet for Carlos Menza, I… Show more Use the following industry average ratios to construct a pro forma balance sheet for Carlos Menza, Inc. Total asset turnover – 1.8 times Average collection period (assume a 365-day year) – 9.4 days Fixed asset turnover – 4.8 times Inventory turnover (based on cost of goods sold) – 3.4 times Current ratio – 2.1 times Sales (all on credit) – $4.19 million Cost of goods sold – 72% of sales Debt ratio – 50% 1. the company’s cost of goods sold is $_____________ (Round to the nearest dollar) 2.The company’s total assets are $___________(round to the nearest dollar) 3. The company’s fixed assets are $___________(round to the nearest dollar) 4. The company’saccounts recievable is $___________(round to the nearest dollar) 5. The company’s inventories are $___________(round to the nearest dollar) 6. The company’s current liabities are $___________(round to the nearest dollar) 7. The company’s total liabilities are $___________(round to the nearest dollar) 7. Pro Forma Balance Sheet Cash _____ Current liabilities _____ Inventory _____ Long-term debt _____ Accounts receivable _____ Common stock plus _____ Net fixed assets _____ Retained earnings _____ Total $ _____ Total $ _____ • Show less