Question: Complete the following balance sheet for the Range Company using the following information: Debt to Assets = 60% Quick Ratio = 1.1 Asset Turnover =

Complete the following balance sheet for the Range 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.

Cash _______ Current Liabilities _______

Receivables _______ Bonds Payable _______

Inventory _______ Total Liabilities _______

Total Current Assets _______ Net Worth _______

Plant and Equipment _______

Total Assets $325,000 Total Liab and NW _______

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