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A skeleton of Gunner Corporation's balance sheet appears as follows (amounts in thousands): Use the following ratio data to complete Gunner's balance sheet: a. The

A skeleton of Gunner Corporation's balance sheet appears as follows (amounts in thousands):

Use the following ratio data to complete Gunner's balance sheet:

a.

The debt ratio was 0.56.

b.

The current ratio was 1.60.

c.

The quick (acid-test) ratio was 0.700.

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A skeleton of Gunner Corporation's balance sheet appears as follows (amounts in thousands): (Click the icon to view the data.) a. Use the following ratio data to complete Gunner's balance sheet: The debt ratio was 0.56. The current ratio was 1.60. c. The quick (acid-test) ratio was 0.700. Balance Sheet Data Table Cash $ 250 Total current liabilities $ 2,190 Receivables Long-term debt Other long-term liabilities Balance Sheet Inventories 1,364 820 Cash $ 250 Total current liabilities $ 2,190 Prepaid expenses Receivables Total current assets Inventories (a) Long-term debt 1,364 Other long-term liabilities (b) 820 Plant assets, net Common stock 180 2.275 2,944 Other assets Retained earnings Prepaid expenses Total current assets $ (C) 7.100 Total assets Total liabilities and equity Plant assets, net (d) Common stock 180 Other assets 2,275 Retained earnings 2.944 $ 7,100 $ () Total assets Total liabilities and equity Print Done Enter any number in the edit fields and then click Check

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