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A skeleton of Pine Corporation's balance sheet appears as follows (amounts in thousands): (Click the icon to view the data.) Use the following ratio data
A skeleton of Pine Corporation's balance sheet appears as follows (amounts in thousands): (Click the icon to view the data.) Use the following ratio data to complete Pine's balance sheet: a. The debt ratio was 0.55. b. The current ratio was 1.30. C. The quick (acid-test) ratio was 0.400. Balance Sheet Cash $ 255 Total current liabilities $ 2,050 Receivables Long-term debt Inventories 1,362 Other long-term liabilities 900 Prepaid expenses Total current assets Plant assets, net Common stock 185 Other assets 2,000 Retained earnings 2,830 $ 6,700 Total assets Total liabilities and equity
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