Work out the missing entries. For this problem, use the following definitions: Inventory turnover = COGS / average inventory Receivables collection period = average receivables / (sales / 365). (Enter your answers in millions. Do not round intermediate calculations. Round your answen Balance Sheet ($ in millions) December 2015 December 2014 Cash 24.00 Accounts receivable 37.60 31.60 Inventory 93.20 Tatal current assets Fixed assets (net) 114.00 Total 207.20 Notes payable 34.00 20.40 Accounts payable 29.00 15.40 35.80 Total current liabilities 61.00 Long-term debt 110.40 Equity 239.00 207.20 Total Income Statement ($ in millons) Sales Cost of goods sold 12.92 Selling, general, and administrative expenses 24.00 Depreciation EBIT Interest Earnings before tax Tax Earnings available for common stock

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