Question: 3. Complete the balance sheet using the following information: Debt Ratio: 40% Quick Ratio: 2.8 ACP: 36 GPM: 20% Inventory T/0 6 ROE: 16.00% L-T

3. Complete the balance sheet using the following information: Debt Ratio: 40% Quick Ratio: 2.8 ACP: 36 GPM: 20% Inventory T/0 6 ROE: 16.00% L-T Debt-to-Equity Ratio: 50% ROA: 10.00% Net Income $80,000 Credit Sales equal 95% of Total Sales 360 days per year Balance Sheet Cash Current Liabilities 114.000 L-T Liabilities Acets. Receivable Total Liabilities ||| Inventories Stockholders' Equity T. Current Assets Total Liabilities Net Fixed Assets

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