Use the following information to complete next balance sheet.

• Long term debt to equity 0.50.
• Total asset turnover 2.5 times.
• Average collection period 18 days.
• Inventory turn-over 9 times.
• Gross profit margin 0.10
• Acid-test ratio 1

Assets			Equity
Cash	???		Notes payable	100,000
Accounts receivable	???		Long-term debt	???
Inventory	???		Common stock	100,000
Equipment	???		Retained earnings	100,000
Total Assets		???	Total & liabilities Equity		???

**Kedzie Kord Company had the following balance sheet and income statement over the last three years:

Assets	2017	2018	2019
Cash	561	387	202
receivables	1,963	2,870	4,051
Inventory	2,031	2,613	3,287
Current Assets	4,555	5,870	7,540
Fixed Assets	2,581	4,430	4,364
Total Assets	7,136	10,300	11,904
Payables	1,862	2,944	3,613
Accruals	301	516	587
Bank loan	250	900	1,050
Current liabilities	2,413	4,360	5,250
Long-term debt	500	1,000	950
Equity	4,223	4,940	5,704
Total liabilities and equity	7,136	10,300	11,904

	2017	2018	2019
sales	11,863	14,952	16,349
COGS	8,537	11,124	12,016
S & G Expenses	2.226	2,471	2,793
Interest	73	188	200
EBT	977	1,169	1,340
Taxes	390	452	576
Net Income	587	717	764

1. Use common-size and index analysis to evaluate the company's financial condition and performance.
2. Use ratio analysis to evaluate liquidity and profitability of the company.