Question: PLEASE NOTE THAT FOR THE DSO RATIO USE 360 DAYS AS OPPOSED TO 365 3) Construct the following Balance Sheet from the following: DSO 10

PLEASE NOTE THAT FOR THE DSO RATIO USE 360 DAYS AS OPPOSED TO 365

Construct the following Balance Sheet from the following:

DSO

10 days

Sales

4,500,000

Inventory Turnover

27x

Cost of Goods Sold

90% of Sales

Current Ratio

.8X

Long term debt is equal to two thirds of the total debt

Creditors own 60% of the assets. Assets total 2MM

Assets

Liabilities

Cash

Current Debt

A/R

Long Term Debt

Inv

Total Debt

Total Current

Fixed Assets

Total Assets

Net Worth

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