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Complete the balance sheet and sales information (fill in the blanks) for the Richardson Company using the following financial data: Debt/Equity ratio: 80% Quick ratio:

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Complete the balance sheet and sales information (fill in the blanks) for the Richardson Company using the following financial data: Debt/Equity ratio: 80% Quick ratio: 0.8x Total asset turnover ratio: 1.5x Says sales outstanding: 24 days Gross profit margin: 25% Inventory turnover ratio: 5x Balance Sheet Cash Accounts payable Accounts receivable Common Stock 35,000 Retained Earnings 65,000 Inventories Plant & equipment Total Assets Total Liabilities & Equity Sales Cost of Goods sold

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