6. A skeleton of Heirloom Mills balance sheet appears as follows (amounts in thousands):

Requirement

R1. Use the following ratio data to complete Heirloom Mills balance sheet:

a. Current ratio is 0.70

b. Acid-test ratio is 0.20

Balance Sheet (a Long-term note payable.... 600 Other long term liabilities (c) Stockholder's equity Inventories . . . Prepaid expenses 920 Total current assets. " . 2,100 $ 7,300 Total liabilities and