1) Complete the following balance sheet using the information given. Round account balances to the nearest dollar. Balance Sheet Income Statement Cash Accounts receivable ales (All Credit) $20,000 10 6, ost of goods sold nventory Net fixed assets Total assets perating expenses nterest expense Iaxes Net income 1,365 S2,535 Accounts payable Short-term notes payable $1,425 Ratios Long-term debt Common stock Retained earnings Total Liabilities and equity Profit Margin Return on Equity Quick Ratio Return on Total Assets - 12.675% 15% 1.2 10% 1.6 $5,000 ixed Asset Turnover ument Ratio = 45 Days Sales Outstanding Solve for common equity using ROE: Common Equity $16,900 2. Retained Earnings - Common Equity -Common Stock-$11,900 3. Solve for total assets using ROA: Total Assets $25,350 4, Total Liabilities & Equity = Total Assets $25,350 5. Solve for net fixed assets using fixed asset turnover: NFA = $12,500 Current Assets Total Assets-Net Fixed Assets = $12,850 7. Solve for current liabilities using the current ratio: Current Liabilities = $6,425 8. Accounts Payable - Current Liabilities -Short-term Notes Payable- $5,000 9. Plug Long-term Debt: $2,025 10. Use the quick ratio to find inventory. Inventory = $5,140 11. Use the days sales outstanding ratio to find accounts receivable: AR = $2,466 12. Plug the cash figure: Cash-$5,244 12) How could an analyst determine whether a company's ratio is good or bad