Complete Problem 32 and 33 on p. 84 (chapter 3) of Foundations of Financial Mana

Complete Problem 32 and 33 on p. 84 (chapter 3) of Foundations of Financial Management.32. We are given the following information for the Coleman Machine Tools CorporationSales (credit) . . . . . . . . . . . . . . . $7200000Cash . . . . . . . . . . . . . . . . . . . . . 300000Inventory . . . . . . . . . . . . . . . . . . 2150000Current liabilities . . . . . . . . . . . . 1400000Asset turnover . . . . . . . . . . . . . . 1.20 timesCurrent ratio . . . . . . . . . . . . . . . 2.50 timesDebt-to-assets ratio . . . . . . . . . . 40%Receivables turnover . . . . . . . . . 8 timesCurrent
assets are composed of cash marketable securities accounts
receivable and inventory. Calculate the following balance sheet items.a. Accounts receivable.b. Marketable securities.c. Fixed assets.d. Long-term debt