Question: Complete the following balance sheet using the information given. Round balances to the nearest dollar. Net Profit Margin = 12.675% Return on Equity =

Complete the following balance sheet using the information given. Round balances to the nearest dollar. Net BALANCE SHEET Cash Accounts Receivable Inventory Total Current Assets Net Fixed Assets Total Assets Accounts

Complete the following balance sheet using the information given. Round balances to the nearest dollar. Net Profit Margin = 12.675% Return on Equity = 15% Quick Ratio = 1.2 Return on Total Assets = 10% Fixed Asset Turnover Ratio = 1.6 times Current Ratio = 2 times Days Sales Outstanding in Receivables = 45 BALANCE SHEET Cash Accounts Receivable Inventory Total Current Assets Net Fixed Assets Total Assets Accounts Payable Notes Payable Total Current Liab.. Long-Term Debt Total Liabilities Common Stock Retained Earnings Total Equity Total Liabilities & Equity $1,425 $5,000 INCOME STATEMENT Sales Cost of Goods Sold Gross Margin Operating Expenses EBIT Interest Expense EBT Taxes Net Income $20,000 -10,000 10,000 6,000 4,000 -100 3.900 -1,365 $2,535

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