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(Constructing a pro forma balance sheet) Use the following industry average ratios, , to construct...

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(Constructing a pro forma balance sheet) Use the following industry average ratios, , to construct a pro forma balance sheet, , for Mendoza Distributors, Inc. GO The company's cost of goods sold is $2825900. (Round to the nearest dollar.) The company's total assets are $ (Round to the nearest dollar.) Data table Total asset turnover 2.4 times Average collection period (assume a 365-day 9.1 days year) Fixed asset turnover 5.3 times Inventory turnover (based on cost of goods sold) 3.5 times Current ratio 2.1 times Sales (all on credit) $3.67 million Cost of goods sold 77% of sales Debt ratio 53% (Click on the icon in order to copy its contents into a spreadsheet.) Print Done Help me solve this View an example Get more help Clear all Check

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