FINANCE
33. The following data are from Sharon Stone and Gravel, Inc., financial statements. The firm manufactures home decorative material. Sales (all credit) were $60 million for 2008.
Sales to total assets . . . . . . . . . . . . . . . 3.0 times
Total debt to total assets . . . . . . . . . . . . 40%
Current ratio . . . . . . . . . . . . . . . . . . . . . 2.0 times
Inventory turnover . . . . . . . . . . . . . . . . . 10.0 times
Average collection period . . . . . . . . . . . 18.0 days
Fixed asset turnover . . . . . . . . . . . . . . . 7.5 times
Fill in the balance sheet
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