Question: Problem 2) Complete the following balance sheet using the following information provided: (12) S7 Accounts payable 6.00 Long-term debt 100,000 41333333 41633333 Cash Accounts receivable

Problem 2) Complete the following balance sheet using the following information

Problem 2) Complete the following balance sheet using the following information provided: (12) S7 Accounts payable 6.00 Long-term debt 100,000 41333333 41633333 Cash Accounts receivable Inventory Current assets Net fixed assets Total -625CD. Total liabilities Common equity Total $2,100,000 1.500,000 $2,100,000 Current ratio 6.0 Inventory tumover -8.0 Debt ratio = 20% Total asset turnover = 1.0 Average collection period = 30 days Gross profit margin = 15%

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