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Complete the balance sheet of Blossom Corporation. (Round answers to the nearest whole dollar, e.g. 125. Use 365 days for calculation.) Blossom Corporation Balance Sheet
Complete the balance sheet of Blossom Corporation. (Round answers to the nearest whole dollar, e.g. 125. Use 365 days for calculation.)
Blossom Corporation Balance Sheet as of December 31, 2017 Liabilities and Equity: Assets: Cash and marketable securities Accounts payable and accruals Accounts receivable Notes payable 300,000 Inventory Total current assets Total current liabilities Long-term debt $2,000,000 Net plant and equipment Common stock Retained earnings $1,250,000 Total assets $8,000,000 Total liabilities and equity You have the following information: Debt ratio DSO Current ratio Inventory turnover ratio Net sales Cost of goods sold 45 % 36 days 1.54 = 5.000 $2.01 million = $2.0830 million
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