Question: Complete the Balance Sheet below based on the given information Cash $ 30,000 Marketable securities $ 25,000 Accounts Receivable Inventory Total current Assets Net Fixed

Complete the Balance Sheet below based on the given information
Cash $ 30,000
Marketable securities $ 25,000
Accounts Receivable
Inventory
Total current Assets
Net Fixed Assets
Total Assets
Accounts Payable $ 120,000
Short-term Notes Payable
Accrued Liabilities $ 20,000
Total Current Liabilities
Long-Term Debt
Total Debt
Stockholder's Equity $ 600,000
Total Liabilites and Equity
Assumptions:
Sales = $1,825,000
Gross profit margin = 30%
Inventory Turnover = 7.0
365 days per year
DSO = 40 days
Current ratio = 1.40
Total Asset Turnover = 1.25

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