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Fill in the balance sheet based on the information below. Round all numbers to the nearest whole dollar. Debt Ratio = 50% Total Asset turnover

Fill in the balance sheet based on the information below. Round all numbers to the nearest whole dollar.

Debt Ratio = 50%

Total Asset turnover = 1.5 times

Current ratio = 1.8 times

Gross profit margin on sales (Sales-COGS)/Sales = 25%

Receivable turnover = 10

Inventory turnover = 5 times

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ASSETS LIABILITIES Cash Accounts Payable Total Current Liabilities Accounts Receivable Long-Term Debt $60,000 Inventory Total Debt Total Current Assets STOCKHOLDERS' EQUITY Net Fixed Assets Stockholders' Equity Total Claims Total Assets $300,000 Cost of Goods Sold Sales

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