Use the following information to complete the balance sheet and sales information in the table that follows for Hopkins industries using the following financial data:
Debt ratio 65%
Quick Ratio 1.1x
Total Asset turnover 2.5x
Receivable turnover 8.333
Gross profit margin on sales 30%
Inventory turnover ratio 5x
BALANCE SHEET
Cash Accounts Payable
Account Receivable 70000 Long term debt 3,00,000
Inventories Common stock
Fixed Assets Retained Earnings 2,25,000
Total Assets 10,00,000 Total Liabilities & Equity
Sales Cost of goods sold

Use the following information to complete the balance sheet and sales information in the table that follows for Hopkins industries using the following financial data:
Debt ratio 65%
Quick Ratio 1.1x
Total Asset turnover 2.5x
Receivable turnover 8.333
Gross profit margin on sales 30%
Inventory turnover ratio 5x
BALANCE SHEET
Cash Accounts Payable
Account Receivable 70000 Long term debt 3,00,000
Inventories Common stock
Fixed Assets Retained Earnings 2,25,000
Total Assets 10,00,000 Total Liabilities & Equity
Sales Cost of goods sold

?? You provide the answers we provide the commentary