Liberty University BUSI320 Corporate FinanceWeek 1 (Textbook Assignment 1) Finan

Liberty University BUSI320 Corporate FinanceWeek 1 (Textbook Assignment 1) Financial Statement Analysis (Chp 3) Version CRatio Analysis Use the following information to complete the balance sheet below. Hint: use 365 day calendar. Current ratio = 5 Current liabilities = 5 million Credit sales = 25 million Average collection period = 30 Inventory turns = 8 Total asset turns = .75 Debt ratio = 45%CashCurrent LiabilitiesAccounts ReceivableLong-term DebtInventoryTotal DebtCurrent AssetsStockholders EquityFixed AssetsTotal AssetsTotal Liabilities& Equity