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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
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