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During the year ended December 31, 2022, Blueline Ltd. had sales of $800,000, (all on credit) and cost of goods sold of $220,000. Required:
During the year ended December 31, 2022, Blueline Ltd. had sales of $800,000, (all on credit) and cost of goods sold of $220,000. Required: With the above information and the following ratios prepare the company's balance sheet as per the template shown below (10 marks): Current ratio Inventory turnover. Cash to total assets Accounts receivable turnover. Debt to total assets Total assets turnover 5 times 10 times 6% 16 times 70% 5 times Assets Cash Accounts Receivables. Inventory Total Current Assets Capital Assets Total Assets S Balance Sheet December 31, 2022 Liabilities & Shareholders' Equity S Current Debt Long Term Debt Total Debt Equity Total Liabilities & Shareholders' Equity
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