Question: Complete the December 31, 2012 balance sheet for Mesebo Cement Factory information that follows: (1 each) Mesebo Cement Factory Balance Sheet December 31, 2012 Cash

  1. Complete the December 31, 2012 balance sheet for Mesebo Cement Factory information that follows: (1 each)

Mesebo Cement Factory

Balance Sheet

December 31, 2012

Cash $50,000 Accounts payable $120,000

Marketable Securities 30,000 Notes Payable (F)

Accounts Receivable (A) Accrual (G)

Inventories (B) Total Current Liabilities (H)

Total Current asset (C) Long term Liability (I)

Net Fixed Assets (D) Stockholders' Equity 600,000

Total Assets (E) Total Equities (J)

  • Additional Information

A.Sales totaled $1,800,000

B.The gross profit margin was 25%

C.Inventory turnover was 6 times

D.There are 360 days in the year

E.The average collection period was 40 days

F.The current ratio was 1.6 times

G.The total assets turnover ratio was 1.2 times

H.The debt ratio was 60%

I.G=25%F

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