Use the following industry-average ratios to construct a pro forma balance sheet for Phoebe's Cat Foods Inc. Total asset turnover 1.

Use the following industry-average ratios to construct a pro forma balance sheet for Phoebe's Cat Foods Inc.:

Total asset turnover                                                          1.5 timesAverage collection period (assume 365-day year)         15 daysFixed asset turnover                                                           5 timesInventory turnover (based on cost of goods sold)          3 timesCurrent ratio                                                                         2.0 timesSales (all on credit)                                                             $3,000,000Cost of goods sold                                                               75% of salesDebt ratio                                                                               50%

Fill in the assets section of the pro forma balance sheet.  

Cash                              $ _ _ _ _

Accounts Receivable $ _ _ _ _

Inventories                       _ _ _ _

Net fixed assets             _ _ _ _

_________________________________________________________   

Total assets         $ _ _ _ _

__________________________________________________________

Fill in the liabilities and common equity section of the pro forma balance sheet.

Current liabilities                                    $ _ _ _ _

Long-term debt                                         _ _ _ _

        Total liability                                       _ _ _ _

Common equity                                         _ _ _ _

       Total liabilities and common equity           $ _ _ _ _

Fill in the assets section of the pro forma balance sheet.CashAccounts ReceivableInventoriesNet fixed assetsTotal assets 526,712.33123,287.67750,000.00600,000.002,000,000.00 Fill in the...