Complete the following balance sheet for the Basic Company using the following information: Debt to Assets = 60% Quick Ratio = 1.1 Asset Turnover = 5x Capital Asset Turnover = 12.037x Current Ratio = 2 Average Collection Period = 17.0708 days

**Assume all sales are on credit.

HINT: Enter numbers to the whole dollar, no commas needed. If you are stuck look at what inputs for each ratio - compare you need and what you have. You might need to use ratios beyond what is listed above to get the extra figures you need. You CAN do this. Plan the order of what you are calculating.

Cash	Answer	Current liabilities	Answer
Receivables	Answer	Bonds payable	Answer
Inventory	Answer	Total liabilities	Answer
Total current assets	Answer	Equity	Answer
Plant and Equipment	Answer	Total liabilities and equity	Answer
Total Assets	$325,000