Question: Part B Balance Sheet Fill-in Complete the Balance Sheet below based on the given information 60,000 Cash & Securities Accounts Receivable Inventory Total current Assets
Part B Balance Sheet Fill-in Complete the Balance Sheet below based on the given information 60,000 Cash & Securities Accounts Receivable Inventory Total current Assets Gross Fixed Assets Accumulated Depreciation Net Fixed Assets Total Assets 200,000 120,000 80,000 Accounts Payable Short-term Notes Payable Accrued Liabilities Total Current Liabilities Long-Term Debt Total Debt Stockholder's Equity Total Liabilites and Equity 730.000 Assumptions: Sales = $2,190,000 Gross profit margin = 35% Inventory Turnover = 7.3 365 days per year DSO - 45 days Current ratio=140 Total Asset Turnover - 1.20 Debt Ratio - Total Liabilities/Total Assets - 60%
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