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Balance Sheet Fill - in Complete the Balance Sheet below based on the given information Cash & Securities $ 6 0 , 0 0 0

Balance Sheet Fill-in
Complete the Balance Sheet below based on the given information
Cash & Securities $60,000
Accounts Receivable
Inventory
Total current Assets
Gross Fixed Assets
Accumulated Depreciation $200,000
Net Fixed Assets
Total Assets
Accounts Payable $120,000
Short-term Notes Payable
Accrued Liabilities $80,000
Total Current Liabilities
Long-Term Debt
Total Liabilities
Stockholder's Equity $730,000
Total Liabilites and Equity
Assumptions:
Sales = $2,190,000
Gross profit margin =35%
Inventory Turnover =7.3
365 days per year
DSO =45. days
Current ratio =1.38
Total Asset Turnover =1.20
Debt Ratio = Total Liabilities/Total Assets =60%
Round answer to the nearest dollar

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