Identifying missing figures and preparation of balance

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Identifying missing figures and preparation of Balance Sheet.

Complete the balance sheet below, based on the given data.

Cash

100,000

Accounts Payable

150,000

Receivables

 

S/T Bank Loan

 

Inventory

____________

 

____________

Current Assets

 

Current Liabilities

 

Fixed

800,000

L/T Debt

 

 

 

Total Debt

 

Total Assets

2,000,000

c. Stock

2,000

 

 

Paid in

198,000

 

 

R. E.

 

 

 

N. W.

 

 

 

Total Liab. & N.W.

 

1) Total debt to total assets = .60
2) Total asset turn = 2X
3) DSO = 45 days
4) Current ratio = 2.0

Reference no: EM13356851

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