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A company shows the following financial indicators on its balance sheet: : Acid-test Ratio, 1; Debt-stockholders' equity ratio, 0.5; Day's sales outstanding in Account Receivable,
A company shows the following financial indicators on its balance sheet: : Acid-test Ratio, 1; Debt-stockholders' equity ratio, 0.5; Day's sales outstanding in Account Receivable, 18 days, there are 360 days in a year: Total asset turnover ratio (sales / average total asset), 4: Gross profit margin, 20%, Inventory turnover ratio, 6. Complete the following balance sheet. [10] Non-current assets ? Contributed capital (equity) 80,000 Inventories ? Retained earnings 20,000 Account Receivable ? Current liabilities ? Cash ? Total liabilities and stockholders' equity ? Total Assets
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