Complete the following balance sheet using the information given. Round account balances to the nearest dollar.

Balance Sheet			Income Statement
Cash			Sales (All Credit)	$16,000
Accounts receivable			Cost of goods sold	11,000
Inventory			Operating expenses	1,000
Net fixed assets			Interest expense	200
Total assets	$20,000		Taxes	1,000
			Net income	$2,800
Accounts payable
Short-term notes payable	$1,000		Ratios:
Long-term debt			Operating Profit Margin =	25%
Common stock	$1,500		Return on Equity =	20%
Retained earnings			Quick Ratio =	31.9375
Total Liabilities and equity			Fixed Asset Turnover =	2
			Current Ratio =	5
			Days Sales Outstanding =	2