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3. SAFE has sales of $1,500,000 all on credit and the cost of goods sold is $840,000. Given the following ratio's fill in the balance

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3. SAFE has sales of $1,500,000 all on credit and the cost of goods sold is $840,000. Given the following ratio's fill in the balance sheet below. Capital assets turnover ...........5 AR turnover.. .12 times Current ratio.................... ..1.5 times Cash $60,000 Inventory turnover.........6 times Debt to Equity.................1.5 times SAFE Balance Sheet Dec 31 2013 Assets Liabilities and Shareholders' Equity BBBBBB Cash..... A/R................ Inventory. Total current assets......... Capital assets........ Total Assets... Current debt................. Long-term debt Total Debt................... Equity.............. Total debt and shareholders' equity ******** ent of Sales Method Ilse than

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