Question: **Please Help** Using the following financial statistics, provide the complete balance sheet and sales information for St. Martin Ltd. 1 Liabilities/Equity 30% 2 Immediate liquidity

**Please Help**

Using the following financial statistics, provide the complete balance sheet and sales information for St. Martin Ltd.

1

Liabilities/Equity

30%

2

Immediate liquidity

1,1

3

Asset turnover

2

4

Time to collect on accounts receivable

40 days

5

Gross margin

40%

6

Inventory turnover

5 times

Balance sheet (in$)

Cash_________

Accounts payable_________

Accounts receivable_________

Common Stocks (25 000$)

Inventories_________

Non-retirement earnings (40 000$)

Capital assets_________

Total assets _________________

Sales __________________

Liabilities and shareholders' equity _________________

Cost of goods sold _________________

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