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Complete the following balance sheet for the Range Company using the following information: Debt to Assets = 60 percent Quick Ratio = 1.1 Asset Turnover

Complete the following balance sheet for the Range Company using the following information: Debt to Assets = 60 percent Quick Ratio = 1.1 Asset Turnover = 5x Fixed Asset Turnover = 12.037x Current Ratio = 2 Average Collection Period = 16.837 days

Cash -----------------------------

Receivables --------------------

Inventory --------------------------

Total Current Assets ------------

Plant and Equipment -----------

Total Assets -------------- $325,000

Current liabilities ------------------------

Bonds payable --------------------------

Total liabilities --------------------------

Net worth -------------------------------

Total liabilities and Net worth ---------

Assume all sales are on credit and a 360-day year

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