Question: 6. Using the following data, complete the balance sheet given below: Gross profit () Shareholders' equity () Gross profit margin Credit-sales to total-sales Total assets

6. Using the following data, complete the balance sheet given below: Gross profit () Shareholders' equity () Gross profit margin Credit-sales to total-sales Total assets turnover Inventory turnover 54,000 6,00,000 20% 80% 0.3 times 4 times Average collection period (a 360-day year) 20 days Current ratio Long-term debt to equity 1.8 40% Balance Sheet Creditors Cash Long-term debt Debtors Shareholders' equity Inventory .....Fixed assets

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