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Heirloom Mills' balance sheet appears as follows (amounts in thousands): (Click the icon to view the balance sheet.) Cash Accounts Receivables Heirloom Mills Balance Sheet
Heirloom Mills' balance sheet appears as follows (amounts in thousands): (Click the icon to view the balance sheet.) Cash Accounts Receivables Heirloom Mills Balance Sheet December 31, 2024 (in thousands) -- Use the following ratio data to complete Heirloom Mills' balance sheet. a. Current ratio is 0.80. b. Acid-test ratio is 0.24. (Enter amounts in thousands as provided in the problem statement.) Balance Sheets Heirloom Mills Balance Sheet December 31, 2024 - Assets Liabilities $ 90 Total Current Liabilities Long-term Note Payable $ 2,400 Assets Liabilities Cash 920 950 Other Long-term Liabilities Accounts Receivables Merchandise Inventory 90 Total Current Liabilities (a) Long-term Note Payable $ 2,400 (e) 920 950 Other Long-term Liabilities Total Liabilities Prepaid Expenses (b) Total Liabilities (f) Stockholders' Equity Total Current Assets (c) 2,900 2,700 Stockholders' Equity Plant Assets, Net (d) Stockholders' Equity $ 6,500 Total Liabilities and Stockholders' Equity Other Assets 2,900 Stockholders' Equity 2,700 6,500 $ (g) Total Assets Total Liabilities and Stockholders' Equity Merchandise Inventory Prepaid Expenses Total Current Assets Plant Assets, Net Other Assets Total Assets
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