The following information is taken from your company’s balance sheet at the end of 2018:

BALANCE SHEET – 31/12/2021 – Unit: thousand USD

ASSETS		LIABILITIES + EQUITY
Cash	?	Short-term borrowing	1,300
Short-term receivables	880	Short-term payables	?
Inventories	?	Long-term debt	1,680
Fixed assets	?	Equity	?
Total assets	?	Total Liabilities + Equity	?

Besides, at the end of 2021, your company has debt/total assets = 60% and quick ratio = 0.5. For 2021, your company has Days sales outstanding = 40 days; Fixed assets turnover = 2.0; Total assets turnover = 1.2. The data at the end of the year are taken as the average of the year.

Requirement: Based on the above information, find the missing data on the balance sheet at the end of 2021.

Answer rating: 100% (QA)

Therefore Balance sheet Step1 Given Debt to total Asset60 ... View the full answer