A skeleton of Northend Corporation's balance sheet appears as follows (amounts in thousands): (Click the icon...
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A skeleton of Northend Corporation's balance sheet appears as follows (amounts in thousands): (Click the icon to view the data.) Cash Receivables Balance Sheet $ 260 Total current liabilities $ 1,850 Inventories Prepaid expenses Total current assets Plant assets, net Other assets Total assets Long-term debt 1,372 Other long-term liabilities 920 Common stock 185 2,490 2,603 Retained earnings $ 6,800 Total liabilities and equity Use the following ratio data to complete Northend's balance sheet: a. The debt ratio was 0.59. b. The current ratio was 1.70. C. The quick (acid-test) ratio was 0.200. A skeleton of Northend Corporation's balance sheet appears as follows (amounts in thousands): (Click the icon to view the data.) Cash Receivables Balance Sheet $ 260 Total current liabilities $ 1,850 Inventories Prepaid expenses Total current assets Plant assets, net Other assets Total assets Long-term debt 1,372 Other long-term liabilities 920 Common stock 185 2,490 2,603 Retained earnings $ 6,800 Total liabilities and equity Use the following ratio data to complete Northend's balance sheet: a. The debt ratio was 0.59. b. The current ratio was 1.70. C. The quick (acid-test) ratio was 0.200.
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