Chapter $3$

$1.$ Complete the following balance sheet for the Range Company using the following information:

Debt to Assets $=60$ percent

Quick Ratio $=1\mathrm{.}1$

Asset Turnover $=5x$

Fixed Asset Turnover $=12\mathrm{.}037x$

Current Ratio $=2$

Average Collection Period $=16\mathrm{.}837$ days

Cash

Receivables

Inventory

Total Current Assets

Plant and Equipment

Total Assets

Current Liabilities

Bonds Payable

Total Liabilities

Net Worth

Total Liabilities and Net Worth

$2.$ During the last five years $(2019-2024),$ which company $($Amazon or Facebook$)$ was managed

according to the wealth maximization principle? Explain. What type of data did you collect?

Why?