Traditional Mills’ balance sheet appears as follows (amounts in thousands):

Use the following ratio data to complete Traditional Mills’ balance sheet.
1. Current ratio is 0.72.
2. Acid-test ratio is 0.36.

Transcribed Image Text:

Assets Cash Accounts Receivables Merchandise Inventory Prepaid Expenses Total Current Assets Plant Assets, Net Other Assets Total Assets TRADITIONAL MILLS Balance Sheet December 31, 2024 Liabilities $ 45 Total Current Liabilities (a) 800 (b) (c) (d) Long-term Note Payable Other Long-term Liabilities Total Liabilities Stockholders' Equity $ 2,500 (e) 760 (f) 2,490 Stockholders' Equity 2,450 $7,000 Total Liabilities and Stockholders' Equity $ (g)