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View Full Version : Complete the following balance sheet using the information bellow.


RodSilva
Sep 12, 2012, 07:57 PM
All sales are credit. Assume a 360-day year calendar)

Debt to Assets = 60%
Quick Ratio = 1.1
Total Assets Turnover = 5
Fixed Assets Turnover = 12.037
Current Ratio = 2
Average Collection Period = 16.837

Complete the following:

Cash
Receivables
Inventory
Total Current Assets
Plant and Equipment
Total Assets = 850,000

Current Liabilities
Bonds Payable
Total Liabilities
Net Worth
Total liabilities and Net Worth