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A skeleton of Northend Corporation's balance sheet appears as follows (amounts in thousands): BEE (Click the icon to view the data.) Use the following
A skeleton of Northend Corporation's balance sheet appears as follows (amounts in thousands): BEE (Click the icon to view the data.) Use the following ratio data to complete Northend's balance sheet: The debt ratio was 0.52. a. b. The current ratio was 1.30. C. The quick (acid-test) ratio was 0.500. Data table Balance Sheet Balance Sheet Cash $ 285 Receivables Total current liabilities Long-term debt $ 2,050 Cash $ 285 Total current liabilities $ 2,050 Inventories Prepaid expenses Total current assets Plant assets, net Other assets Total assets 1,376 Other long-term liabilities 920 Receivables (a) Long-term debt (e) Inventories 1,376 Other long-term liabilities 920 (b) Prepaid expenses Common stock 175 Total current assets (c) 2,375 3,377 Plant assets, net (d) Common stock 175 Retained earnings 2,375 3.377 $ 7,400 Other assets Retained earnings Total liabilities and equity $ 7,400 $ (f) Total assets Total liabilities and equity
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