Balance Sheet as of December 31, 2017
Assets:				Liabilities and Equity:
Cash and marketable securities		$		Accounts payable and accruals		$
Accounts receivable				Notes payable		300,000
Inventory
Total current assets		$		Total current liabilities		$
				Long-term debt		$2,000,000
Net plant and equipment				Common stock
				Retained earnings		$1,250,000
Total assets		$8,000,000		Total liabilities and equity		$

You have the following information:

Debt ratio		=	35	%
DSO		=	32	days
Current ratio		=	2.35
Inventory turnover ratio		=	5.000
Net sales		=	$1.55	million
Cost of goods sold		=	$2.2190	million