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II. Balance Sheet Completion Complete the balance sheet in the tabi year ending December 31, 2016 usi the nearest dollar): e sheet in the table

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II. Balance Sheet Completion Complete the balance sheet in the tabi year ending December 31, 2016 usi the nearest dollar): e sheet in the table that follows for the Helium Balloons Company for the mber 31, 2016 using the following information (if necessary, round figures to Sales Net profit margin Gross profit margin Return on assets Debt ratio Inventory turnover ratio Notes payable Dividend payment in 2011 Average collection period Days payable ratio $10,000,000 4.0% 25.0% 10.0% 60.0% 7.5x $500,000 $250,000 45 days 18 days 2.Ox Quick ratio NOTE: 80 percent of Helium Balloons Company's sales are on credit. The rest are cash sales. Assume a 360-day year for all ratios. On its December 31, 2015 balance sheet, Helium Balloons Company reported Retained earnings of $1,250,000. Fill in the following balance sheet for Helium Balloons Company. Cash Accounts receivable Inventories_ Balance Sheet For the Year Ending December 31, 2016 Notes payable Accounts payable Long-term debt. Common stock Retained earnings Total Liab. & Equity Fixed assets Total assets (10 points) Show your work in detail here

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