Complete the details presented in the financial statement.

Heavenly Corporation

Balance Sheet

December 31, 2019

ASSETS LIABILITIES & STOCKHOLDER'S EQUITY

Cash $32,720 Accounts payable $120,000

Marketable Securities'25,000 Notes payable ______________

Accounts receivable ______________ Accruals '20,000

Inventories ______________ Total current liabilities ______________

Total current assets ______________ Long-term debt ______________

Net fixed assets ______________ Stockholder's equity $600,000

Total assets $_____________ Total liab. And stockholder's equity $_____________

The following financial data are available

1. Sales totaled $1,800,000.
2. The gross profit margin was 25%
3. Inventory turnover was 6.0.
4. There are 365n days in the year.
5. the average collection period was 40 days.
6. The current ratio was 1.60
7. The total asset turnover ratio was 1.20.
8. The debt ratio was 60%.