Use your formula sheet to calculate different equations and fill in the blanks.

*HINT 1* Remember that Total Assets = Total Liabilities + Shareholders' Equity

*HINT 2* Start with Total Asset Turnover Equation

Complete the following balance sheet for the Eastwick Witches Co. using the following information: Debt to Assets = 60% Quick Ratio = 1.1 Asset Turnover = 5x Capital Asset Turnover = 12.037x Current Ratio = 2 Average Collection Period = 17.0708 days

Cash		Current liabilities
Receivables		Bonds payable
Inventory		Total liabilities
Total current assets		Shareholders' Equity
Plant and Equipment		Total liabilities and Shareholders' Equity
Total Assets	$325,000.

Assume all sales are on credit.