Prepare a Balance Sheet based upon the availability of the following figures:

Sales to Total Assets = 3.0 Inventory Turnover Ratio = 10.0

Total Debt to Total Assets = 40% Avg. Collection Period = 18 days

Current Ratio = 2.0 Fixed Asset Turnover Ratio = 7.5 times

Sales = $ 6,000,000 Long-Term Debt to Short-Term Debt = 3-to-1

ASSET LIABILITIES

Cash ____________ Short Term Debt _______________

Inventory ____________ Long Term Debt _______________

A/C Receivable ____________ A/C Payable _______________

Fixed Assets ____________ Sholders Equity _______________

TOTAL ASSETS ______________ TOTAL LIAB. _______________

Please include all the work for the solutions!