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I have the following data: Debt/net worth :2.0 acid test ratio: 0.50 total asset turnover: 1.8 times days outstanding in accounts receivable: 30days gross profit

I have the following data:

Debt/net worth :2.0

acid test ratio: 0.50

total asset turnover: 1.8 times

days outstanding in accounts receivable: 30days

gross profit margin: 30%

sales to inventory turnover: 6 times

Cash accounts payable

Accounts receivable common stock 20,000

plant and equipment retained earnings 30,000

total assets total liabilities and equity

sales cost of good sold

complete the balance sheet and sales information using this information

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