S12-12. (Learning Objective 4: Using ratio data to reconstruct a Balance Sheet) A skeleton of Athol Country Florist’s Balance Sheet appears as follows (amounts in thousands):

Use the following ratio data to complete Athol Country Florist’s Balance Sheet:

a. Debt ratio is 0.50.

c. Acid-test ratio is 0.45.

b. Current ratio is 1.40.

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A1 D 1 2 Cash 3 Receivables 4 Inventories Balance Sheet 5 Prepaid expenses Total current assets 6 7 PPE 8 Other assets 9 Total assets $ 85 Total current liabilities (a) Long-term debt 762 Other long-term liabilities (b) (c) (d) Share capital 2,100 Retained earnings $ 7,400 Total liabilities and equity $ 1,900 (e) 720 185 3,515 (f) 10