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For 2019 Eastman, Inc. had sales of $200,000, earnings before interest and taxes (EBIT) of $17,800, and interest expense of $1,000. The company also reported
For 2019 Eastman, Inc. had sales of $200,000, earnings before interest and taxes (EBIT) of $17,800, and interest expense of $1,000. The company also reported the following ratios for 2019: net profit margin = 5.04%; return on equity = 18%, total asset turnover = 2.5; current ratio = 3; quick ratio = 1; and debt ratio = 30%. Based on this information, complete the balance sheet given below. Enter your answers only after completing the entire balance sheet. Enter answers without decimal places or commas. Each account balance is worth 1 point. 5,000 Cash Accounts Receivable Inventory Net Property, Plant and Equipment Total Assets 10.000 Accounts Payable Long-term Debt Common Stock Retained Earnings Total Liabilities and Equity 16,000 Accounts Receivable = $ Inventory = $0 Net Property, Plant and Equipment = $ Total Assets = $ Long-term Debt = $ Retained Earnings = $ Total Liabilities and Equity = $
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