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Balance Sheet as at 31 December 2018 Cash 100,000 Notes Payable Q Accounts Receivable Q Accounts payable 80,000 Inventory Q Total Current Liabilities Q Total

Balance Sheet as at 31 December 2018

Cash

100,000

Notes Payable

Q

Accounts Receivable

Q

Accounts payable

80,000

Inventory

Q

Total Current Liabilities

Q

Total Current Assets

300,000

Long Term Debt

Q

Fixed Assets

400,000

Common Equity

Q

Total Assets

700,000

Total Liabilities and equity

Q

Additional information:

Sales RM500,000

Average Collection Period 120 days

Debt Ratio 50%

Current Ratio 2.5X

Based on the information above, fill up the total amounts of each of the item marked as Q in the above said balance sheet for year ending 31 December 2018.

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