Incomplete financial statements for Pepper Industries follow:

The following additional information is available about the company:

a) All sales during the year were on account.

b) There was no change in the number of shares of common stock outstanding during the year.

c) The interest expense on the income statement relates to the bonds payable; the amount of bonds outstanding did not change during the year.

d) Selected balances at the beginning of the current year were:

e) Selected financial ratios computed from the statements above for the current year are:

Required:

Compute the missing amounts on the company’s financial statements.

Pepper Industries Balance Sheet March 31 Current assets: Cash Accounts receivable, net Inventory Total current assets Plant and equipment, net Total assets Liabilities: S 320,000 Current liabilities Bonds payable, 10% Total liabilities Stockholders' equity: Common stock, $5 par value Retained eamings Total stockholders' equity Total liabilities and stockholders equity S