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Complete the balance sheet of Fight Covid Company by calculating all the missing items based on the following information. Fight Covid Company December 31 Assets
Complete the balance sheet of Fight Covid Company by calculating all the missing items based on the following information. Fight Covid Company December 31 Assets 2020 $ Cash ? ? Accounts receivable Inventory ? Total current assets ? ? Net plant and equipment Total assets 8,000,000 Liabilities and Stockholders' Equity Accounts payable ? Notes payable 300,000 Total current liabilities ? Long-Term Debt 2,000,000 Common stock ? Stockholders' equity 1,250,000 Total liabilities and stockholders' equity ? Additional information given below is to complete the balance sheet. 0.4 Debt ratio Current ratio 1.5 Sales Days' sales receivables Inventory turnover ratio $2,250,000 39 days 3.375 Cost of goods sold $1,687,500
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