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

Balance Sheet

Income Statement

Cash

Sales $($All Credit$)$

$$20,000$

Accounts receivable

Cost of goods sold

$10,000$

Inventory

Operating expenses

$6,000$

Net fixed assets

Interest expense

$100$

Total assets

Taxes

$1,365$

Net income

$$2,535$

Accounts payable

Short$-$term notes payable

$$1,425$

Ratios:

Long$-$term debt

Profit Margin $=$

$12\mathrm{.}675\%$

Common stock

$$5,000$

Return on Equity $=$

$15\%$

Retained earnings

Quick Ratio $=$

$1\mathrm{.}2$

Total Liabilities and equity

Return on Total Assets $=$

$10\%$

Fixed Asset Turnover $=$

$1\mathrm{.}6$

Current Ratio $=$

$2$

Days Sales Outstanding $=$

$45$