BBB company has $54 million of current assets and $58 million of noncurrent assets. It forecasts an EBIT of $10.4 million and pays income taxes at a 35% rate. Short-term bank notes carry a 5% interest rate, and the company can issue long-term bonds at 7%. The company has set a target debt ratio of 45%.
Required:
	A. For a maturity mix of 60% current and 40% long-term debt, prepare the company's abbreviated balance sheet.
Your answers to this open-ended assignment should be placed in the space below this line.
A	Current assets
	Noncurrent assets
	Total Assets
	Current liabilities
	Long-term liabilities
	Total debit
	Stockholders' equity
	Total liabilities & equity