Complete the balance sheet of Flying Roos Corporation.

You have the following information:
Debt ratio = 40% DSO = 39 days
Current ratio = 1.5 Inventory turnover ratio = 3.375
Sales = $2.25 million Cost of goods sold = $1.6875million

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Flying Roos Corporation Balance Sheet as of December 31, 2011 Liabilities and Equity: Assets: Cash and marketable securities Accounts receivable Inventories ccounts payable and accruals Notes payable Total current liabilities $ 300,000 Total current assets Net plant and equipment Total assets Long-term debt Common stock Retained earnings Total liabilities and equity $2,000,000 $1,250,000 $8,000,000