Classified Balance Sheet & Liquidity Ratios Second Puzzle Company Balance Sheet December 31, 2014 Current liabilities Current assets Cash & cash equivalents Accounts receivable Accounts payable Inventory Total current assets Non-current assets Property, plant & equipment Total assets Unearned revenue Total current liabilities Non-current liabilities Long-term debt Total liabilities I.M. Puzzled, capital Total liabilities & owner's equity CLUES NEW-Ending balance for total Assets (and total Liabilities OE) is $125,150. Total Liabilities $71,000. Working capital-524,150 Working capital ratio-2.15 Acid test ratio 1.2 Accounts payable are 80% of accounts receivable Accounts receivable are greater than cash & cash equivalents We did not go over ratios in the notes, but page 165 of the textbook goes over the following ratios: Working Capital, Current Ratio, Acid Test Ratio. Working Capital-Current Assets - Current Liabilities Current Ratio Current Assets Current Liabilities Acid Test Ratio Short term menteivables Current Liabilities Based on the information given above, complete the classified balance sheet provided. 9,000 10,200 12,000 15,000 19,950 21,000 45,150 50,000 54,150 71,000 80,000 125,150 125,150