Given the financial data and ratios listed below for the Atlanta Company, determine what Atlanta Company recorded as Long Term Debt AND Net fixed Asset on its 2005 balance sheet.

Sales $10,000

Gross profit margin 40%

Inventory turnover ratio 4 times

Net profit margin 8%

Average collection period 45 days

Return on equity 50%

Return on assets 20%

Cash $250

Current ratio 2.5

Accounts payable days 30 days

Note: Of total sales, 80 percent are on credit and the remainder are cash sales. Assume a 360-day year.

Use COGS for Inventory turnover ratio.

Atlanta Company Balance Sheet for Year Ending December 31, 2005 Cash _________ Accounts receivable _________ Inventory _________ net fixed assets ________ Total assets _________ Notes payable_________ Accounts payable_________ Long-term debt_________ Equity_________ Total claims _________