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Can you walk me through i - vi please!! 2. Now that you are an expert on balance sheets ratio analysis, use your knowiedge to
Can you walk me through i - vi please!!
2. Now that you are an expert on balance sheets ratio analysis, use your knowiedge to complete the following abbreviated balance sheet. All the information is given, however, you will have to work through the balance sheet puzzle to solve for the missing categories. The debt to asset ratio - 0.5, the current ratio 2, and the debt to equity ratio1.0. Calculate the missing information from the Balance Sheet, lettered (a) through (f). Write the answers in the spaces below. (15 points) SHOW ALL WORK (how you got your answe) Assets Liabilities Current assets Intermediate assets Fixed assets $1,680,000 $4,800,000 Current liabilities Intermediate liabilities $840,000 $4,800,000 $12,000000 Long-term liabilities Tota liabilities Net worth $9,240,000 $18,480,000 otal liabilities + net worth $18,480,000 Total assets i. Total current liabilities: ii. Total long-term assets: ii. Total intermediate liabilities: SStep by Step Solution
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