Reference no: EM13839780

Pro forma balance sheet construction - Use the following industry average ratios to construct a pro forma balance sheet, for Carlos Menza, Inc.
Total asset turnover 1.7 times
Average Collection period (assume a 365-day year) 9.2 days
Fixed asset turnover 5.3 times
Inventory turnover (based on cost of goods sold) 2.6 times
Current ratio 1.5 times
Sales (all on credit) $3.75 million
Cost of goods sold 75% of sales
Debt ratio 49%

The company's cost of goods sold it$_____________ (Round to the nearest dollar).
The company's total assets are $_____________ (Round to the nearest dollar).
The company's fixed assets are $_____________ (Round to the nearest dollar).
The company's accounts receivable is $_____________ (Round to the nearest dollar).
The company's inventories are $_____________ (Round to the nearest dollar).
The company's current liabilities are $_____________ (Round to the nearest dollar).
The company's total liabilities are $_____________ (Round to the nearest dollar).

Cash $ Current liabilities $
Accounts receivable $ Long-term Debt $
Inventory Total liabilities $
Net fixed assets $ Common Equity $
Total $ Total $