Question
A skeleton of Corporation's balance sheet appears as follows (amounts in thousands): Use the following ratio data to complete 's balance sheet: a. The debt
A skeleton of Corporation's balance sheet appears as follows (amounts in thousands):
Use the following ratio data to complete 's balance sheet: a. The debt ratio was 0.59 b. The current ratio was 1.70 c. The quick (acid-test) ratio was 0.400
Balance Sheet follows -
| Cash - $265 | Total Current Liabilities $2220 |
| Receivables - ??? | Long term debt - ??? |
| Inventories - $1376 | Other long term liabilities - ??? |
| Prepaid Expenses - ??? | |
| Total Current Assets - ??? | |
| Plant Assets, net - ??? | Common Stock - $155 |
| Other Assets - $2525 | Retained Earnings - $2633 |
| Total Assets - $6800 | Total Liabilities and Equity - ??? |
Need help finding the values with "???" next to them! Thanks!
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Managerial Accounting Tools for business decision making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
6th Edition
978-0470477144, 1118096894, 9781118214657, 470477148, 111821465X, 978-1118096895
