[kellyeblue]

I am giving a partially filled-out balance sheet and asked to find the missing numbers. I know that the current ratio is 1.75 and the debt to assets ratio of 45%.
Assets:
Cash 36K
Acct r'cvable ?
Inventory 63K
Prepaid expenses 13,500
Total current assets ?
Long-term:
Building 315K
Less: Accujulated depreciation 45K
Total long term 270K
Total assets ?P
Liabilities:
Current Liabilites:
Accts Payable 63K
Notes payable ?
Income tax payable 27K
Total current liabilities 120K
Long-term:
Bonds payable 67.5K
Mortgage payable ?
Total liabilites ?
Stockholders' equity:
Common Stock 135K
Retained earnings ?
Total stockholders equity ?
Total liabilities and stockholders equity ?

[morgaine300]

Write down the equations, insert what you have, and solve for what you don't have.

For instance, you know current liabilities as that is given, and you know current ratio. You can solve for current assets with that, and go from there in the same manner. You just have to spend some time looking for what can be solved next.