Complete the following balance sheet for the Fisk Company for 1998: Cash $50,000 Current liabilities $ Accounts

Complete the following balance sheet for the Fisk Company for 1998:

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Cash $50,000 Current liabilities $ Accounts receivable 50,000 Long-term debt Inventory Shareholders' equity Plant and equipment Total assets $ Liabilities and equity $ The following information is also available: Quick ratio = 1.0 time Net working capital to sales ratio = 10% Total asset turnover = 2 times Sales = $2 million Debt to assets = 50%