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Fill in the missing amounts: Cash P Accounts and Notes Payable P Accounts receivable Common stock 600 Inventory Retained earnings 900 Plant and equipment ________

Fill in the missing amounts:

Cash P Accounts and Notes Payable P

Accounts receivable Common stock 600

Inventory Retained earnings 900

Plant and equipment ________

Total Assets P Total Liabilities and equity P

Additional information:

Turnover of operating assets 1.5 times DSO = 40 days

Ratio of debt to net worth 0.6 to 1 Gross margin 30%

Turnover of inventory based on year Acid test ratio 1.2 : 1

end inventory 6 times

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