Question: Complete the following balance sheet using the given information: Debt ratio = 40%. Total assets turnover = 1.8, current ratio = 2.1, DSO = 20

Complete the following balance sheet using the given information: Debt ratio = 40%. Total assets turnover = 1.8, current ratio = 2.1, DSO = 20 days, gross profit margin [(sales cost of goods sold)/sales] = 40%, Inventory turnover ratio = 6. (Assume 360 days) asse Asset liabilities and equity Cash Accounts Payables Accounts receivable Long term debt 900000 inventory common stock Fix assets retaining Earning Total asset 400000 Total liability and equity 102500 Sales

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