Prepare a balance sheet from the following information. What is the net working capital and debt ratio? 2
Cash................. $ 50,000
Accounts receivable.......... 42,700
Accounts payable............ 23,000
Short- term notes payable........ 10,500
Inventories.............. 40,000
Gross fixed assets............ 1,280,000
Other current assets........... 5,000
Long- term debt............. 200,000
Common stock............. 490,000
Other assets............... 15,000
Accumulated depreciation......... 312,000
Retained earnings............. ?