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Cash & Securities Accounts Receivable Inventory Total current Assets Gross Fixed Assets Accumulated Depreciation Net Fixed Assets Total Assets begin{tabular}{|l|} hline$60,000 hline hline

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Cash \& Securities Accounts Receivable Inventory Total current Assets Gross Fixed Assets Accumulated Depreciation Net Fixed Assets Total Assets \begin{tabular}{|l|} \hline$60,000 \\ \hline \\ \hline \\ \hline \\ \hline \\ \hline$200,000 \\ \hline \\ \hline \\ \hline \end{tabular} \begin{tabular}{|l|c|} \hline Accounts Payable & $1120,000 \\ \hline Short-term Notes Payable & \\ \hline Accrued Liabilities & $ \\ \hline Total Current Liabilities & \\ \hline Long-Term Debt & \\ \hline Total Debt & \\ \hline Stockholder's Equity & $ \\ \hline Total Liabilites and Equity & \\ \hline \hline \end{tabular} Assumptions: Sales =$2,190,000 Gross profit margin =35% Inventory Turnover =7.3 365 days per year DSO=45. days Current ratio =1.40 Total Asset Turnover =1.20 Debt Ratio = Total Liabilities / Total Assets =60%

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