Martin Co. Balance Sheet As at Dec. 31, 2021 ($) Liabilities: Current Liabilities $15,000 Cur.Pay $17,000 $35,000 ST Loan $30,000 $5,000 DebtDue $5,000 $50,000 Total CL $52,000 $105,000 Long Term Liabilities LT Liabil $60,000 Total Liabilities $112,000 $170,000 $38,000 Owner's Equity $132,000 Share Cap. $100,000 Ret. Earn. $25,000 $237,000 Total OE $125,000 Total Liab+0equity $237,000 Balance Sheet y's expected Current Asset Level ? $0 /'s Net Propery and Plant level ? $0 = Average Daily Sales * Average Collection Period Average Accounts Receivable for 2021 ? 6.5 days Targeted Performance 

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Martin Co. Balance Sheet As at Dec. 31, 2021 ($) Liabilities: Current Liabilities $15,000 Cur.Pay $17,000 $35,000 ST Loan $30,000 $5,000 DebtDue $5,000 $50,000 Total CL $52,000 $105,000 Long Term Liabilities LT Liabil. $60,000 Total Liabilities $112,000 $170,000 $38,000 $132,000 Owner's Equity Share Cap. $100,000 $237,000 Ret. Earn. $25,000 Total OE $125,000 Total Liab+Oequity $237,000 Balance Sheet y's expected Current Asset Level? y's Net Propery and Plant level? = Average Daily Sales Average Collection Period Average Accounts Receivable for 2021 ? 6.5 days Targeted Performance $0 $0 Martin Co. Balance Sheet As at Dec. 31, 2021 ($) Liabilities: Current Liabilities $15,000 Cur.Pay $17,000 $35,000 ST Loan $30,000 $5,000 DebtDue $5,000 $50,000 Total CL $52,000 $105,000 Long Term Liabilities LT Liabil. $60,000 Total Liabilities $112,000 $170,000 $38,000 $132,000 Owner's Equity Share Cap. $100,000 $237,000 Ret. Earn. $25,000 Total OE $125,000 Total Liab+Oequity $237,000 Balance Sheet y's expected Current Asset Level? y's Net Propery and Plant level? = Average Daily Sales Average Collection Period Average Accounts Receivable for 2021 ? 6.5 days Targeted Performance $0 $0

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