Griggs Corporation has credit sales of $1,177,050. Using the below ratios, complete the balance sheet. 

Total asset turnover	2.95	times
Cash to total assets	1.40	%
Accounts Receivable Turnover	10	times
Inventory sales volume	10	times
Radio actual	1.79	times
Debt to total assets	40	%

 

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Cash........ Accounts receivable Inventory... Assets Total current assets Fixed assets Total assets ********* SHANNON CORPORATION Balance Sheet 201X Liabilities and Stockholders' Equity Current debt.......... Long-term debt Total debt......... Net worth Total debt and stockholders' equity. ***** Cash........ Accounts receivable Inventory... Assets Total current assets Fixed assets Total assets ********* SHANNON CORPORATION Balance Sheet 201X Liabilities and Stockholders' Equity Current debt.......... Long-term debt Total debt......... Net worth Total debt and stockholders' equity. *****