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From the values of the different ratios that follow, calculate the missing balance sheet items and complete the balance sheet. Sales $100,000 Average Collection Period

From the values of the different ratios that follow, calculate the missing balance sheet items and complete the balance sheet.

Sales

$100,000

Average Collection Period

55 days

Inventory Turnover

15

Debt to Assets Ratio

.4 or 40%

Current Ratio

3

Total Asset Turnover

1.6

Assets Liabilities + Equity

cash 6000 A/P 6000

AR________ Notes Payable_______

Inventory_______ Accrued Expenses 600

Prepaid Expenses_____ Total Current Liabilities______

Total Current Assets_______ Bonds Payable__________

Fixed Assets___________ Common Stock 16,000

Total Assets_________ Retained Earnings________

Total liabilities + Equity_________

There is no information missing, this is the entire questions. Thanks,

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