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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