Question: A. Preparing a Balance Sheet Below is a scrambled list of accounts of Thiel, Inc., an energy company in millions). Using the empty table, build
A. Preparing a Balance Sheet Below is a scrambled list of accounts of Thiel, Inc., an energy company in millions). Using the empty table, build the company balance sheet with the information below. Be sure to label the different categories on the balance sheet Cash $50,000 Accounts Payable 42.700 Accounts Receivable 23,000 Short-Term Notes Payable 10,500 Accumulated Depreciation 312,000 Gross Fixed assets 1.200,000 Other current assets 5,000 Long-term debt 200.000 Common stock 490,000 Inventories 40,000 Retained earnings ? Questions: 1) What is the company's networking capital? 2) What is the company's current ratio? its quick ratio? its cash ratio (Please write each ratio itself and then solve for it below) 3) What is the company's debt ratio? (ratio Debt to total assets)
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