Complete the balance sheet of Pharoah Corporation. (Round answers to the nearest whole dollar, e.g. 125. Use 365 days for calculation.) Excel Template (Note: This template includes the problem statement as it appears in your textbook. The problem assigned to you here may have different values. When using this template, copy the problem statement from this screen for easy reference to the values youve been given here, and be sure to update any values that may have been pre-entered in the template based on the textbook version of the problem.)

Pharoah Corporation Balance Sheet as of December 31, 2017
Assets:				Liabilities and Equity:
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		=	35	%
DSO		=	32	days
Current ratio		=	2.35
Inventory turnover ratio		=	5.000
Net sales		=	$1.55	million
Cost of goods sold		=	$2.2190	million

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