Reference no: EM131291946
Use the following information to complete the balance sheet below. Sales are $8.8 million, capital intensity ratio is 2.10 times, debt ratio is 55 percent, and fixed asset turnover is 1.2 times. (Enter your answers in millions of dollars rounded to 3 decimal places.)
Balance Sheet
Assets
Current assets $ m
Fixed assets m
Total assets $ m
Liabilities and Equity Total
liabilities $ m
Total equity m Total
liabilities and equity $ m
Cost of goods sold using fifo periodic inventory method
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: Use the following information to complete the balance sheet below. Sales are $8.8 million, capital intensity ratio is 2.10 times, debt ratio is 55 percent, and fixed asset turnover is 1.2 times.
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