Chapter $3$

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