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A skeleton of Salem Corporation's balance sheet appears as follows ( amounts in thousands ) : ( Click the icon to view the data. )
A skeleton of Salem Corporation's balance sheet appears as follows amounts in thousands: Click the icon to view the data.
Balance Sheet
tableCash$Total current liabilities,$ReceivablesLongterm debt,,InventoriesOther longterm liabilities,,Prepaid expenses,,,Total current assets,,,,,Plant assets, net,,,Common stock,,Other assets,,Retained eamings,,Total assets,$Total liabilities and equity,,
Use the following ratio data to complete Salem's balance sheet:
a The debt ratio was
b The current ratio was
c The quick acidtest ratio was
Data table
tableBalance SheetCash$Total current liabilities,$ReceivablesaLongterm debt,,eInventoriesOther longterm liabilities,,Prepaid expenses,,bTotal current assets,,cPlant assets, net,,dCommon stock,,Other assets,,Retained eamings,,Total assets,Total liabilities and equity,,$
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