with the same question, I want to know what is current liability, level of cash, inventory, accounts receivable, and total debt.

browser does not meet the minimum requirements for Canvas. Please visit the Canvas Community for a complete list of supported browsers. X Question 21 pts Builtrite Bakery is a new firm specializing in all natural ingredient pastry products. In attempting to determine what the financial position of the firm should be, the financial manager obtained the following average ratios for the baking industry for 2019: Common equity / total assets 60% Total assets turnover 3 times Long-term debt / total assets 20% Current ratio 1.2 Quick ratio .75 Average collection period (360-day year) 6 days Complete the accompanying projected balance sheet for Builtrite Bakery assuming 2020 sales (all credit) are $9,000,000. Builtrite Bakery projected Balance Sheet ending December 31, 2020 Cash Current Liabilities Accts. Receivable Long Term Debt Total Debt Inventory Tot. Current Contact Support + Builtrite Bakery projected Balance Sheet ending December 31, 2020 Close 100% Cash Current Liabilities Long Term Debt Accts. Receivable Inventory Tot. Current assets Total Debt Common Equity Fixed assets Tot. Liabilities & equity Total Assets Based upon the above information, the level of total current liabilities equals: 0 $500,000 @ $600,000 $480,000 $800,000 Next > Previous