Chapter 13 of Financial Accounting

A skeleton of Pine Florals' balance sheet appears as follows (amounts in thousands): ?(Click the icon to view the data) Use the following ratio data to complete Pine Florals' balance sheet: a. b. C. Debt ratio is 0.58. Current ratio is 1.10. Quick (acid-test) ratio is 0.200 Balance Sheet $2,250 Cash Receivables Inventories Prepaid expenses $260 Total current liabilities Long-term debt 750 Other long-term liabilities 980 [ Total current assets Plant assets, net Other assets Total assets ] 2,450 Retained eamings 50Tolal abltlen and cquaty 160 2,570 Common stock $ 6,500 Data Table Balance Sheet $260 Total current liabilities $ 2,250 Cash Receivables Inventories Prepaid expenses Long-term debt Other long-term liabilities (a) 750 980 Total current assets Plant assets, net Other assets Total assets (d) Common stock 2.450 Retained eanings S6,500 Toal Iiabilities and equity 160 2,570 $ (f) Print Done