Balance Sheet as of December 31, 2017 Assets: Liabilities and Equity: Cash and marketable securities $ 2,865,538 Accounts payable and accruals $ 1300,000 Accounts receivable 348,712 Notes payable 300,000 Inventory Total current assets Total current liabilities $ 1600,000 Long-term debt $2,000,000 Net plant and equipment Common stock ONE 3150.000 Retained earnings $1,250,000 Total assets $8,000,000 Total liabilities and equity $ 8,000,000 You have the following information: Debt ratio 45 % Total assets $8,000,000 Total liabilities and equity $ 8,000,000 You have the following information: Debt ratio 45 % DSO 40 days Current ratio 1.34 Inventory turnover ratio 5.000 Net sales $2.51 million Cost of goods sold $2.2710 million e Textbook and Media Save for Later Last saved 3 hours ago. Attempts: 1 of 3 used Submit Answer Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes. Using multiple attempts will impact your score. 20% score reduction after attempt 2