Complete the balance sheet-debt to assets-current ratio

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Reference no: EM13808264

Complete the following balance sheet for the Seymour Hoffman Company using the following information:

SALES $2,400,000

Debt to Assets = 60 percent

Quick Ratio = 1.1

Asset Turnover = 5.6x

Fixed Asset Turnover = 13.037x

Current Ratio = 2.5

Average Collection Period = 12.4 days

Assume all sales are on credit and a 360-day year.

Reference no: EM13808264

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