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Complete the following balance sheet using the following information. Assume 360 day per year. Current ratio 3 Debt ratio :-60% Total asset turnover-| Inventory turnover
Complete the following balance sheet using the following information. Assume 360 day per year. Current ratio 3 Debt ratio :-60% Total asset turnover-| Inventory turnover 10 Average collection period 30 days Gross profit margin 30% Cash Account receivable Inventory Current Assets Net fixed assets Current Liability Long-term debt Total liabilities_ 120,000 Common equity Total L & E $1,500,000 Total assets $1,500.000
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