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Complete the balance sheet of Sheridan Corporation. Assets: Cash and marketable securities Liabilities and Equity: Accounts payable and accruals Accounts receivable Notes payable 300,000 Inventory
Complete the balance sheet of Sheridan Corporation. Assets: Cash and marketable securities Liabilities and Equity: 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 $1,250,000 Retained earnings Total liabilities and equity Total assets $8,000,000 You have the following information: Debt ratio DSO Current ratio Inventory turnover ratio Net sales Cost of goods sold 40% = 37 days = 1.44 = 4.000 = $1.51 million = $1.8940 million
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