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A skeleton of Ashby Corporation's balance sheet appears as follows (amounts in thousands): E: (Click the icon to view the data.) Use the following ratio
A skeleton of Ashby Corporation's balance sheet appears as follows (amounts in thousands): E: (Click the icon to view the data.) Use the following ratio data to complete Ashby's balance sheet: a. The debt ratio was 0.52. b. The current ratio was 1.50. c. The quick (acid-test) ratio was 0.500. Balance Sheet $ 260 $ 2,220 Cash Receivables Total current liabilities Long-term debt Other long-term liabilities Inventories 1,364 900 Prepaid expenses Total current assets Plant assets, net Common stock Retained earnings 160 2,960 Other assets 2,150 $ 6,500 Total assets Total liabilities and equity A Data Table Balance Sheet Cash $ $ 2,220 Receivables Inventories 260 Total current liabilities (a) Long-term debt 1,364 Other long-term liabilities 900 Prepaid expenses Total current assets Plant assets, net (d) Common stock 2,150 Retained earnings 6,500 Total liabilities and equity 160 2,960 Other assets $ Total assets Print Done
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