il du LTE 4:23 PM 43% learn.ajman.ac.ae ollege of Business Administratio Academic Year 2017-2018, First Semester Principles of Accounting II The following data are from Stone, Inc., financial statements. The firm manufactures home decorative material. Sales (all credit) were $60 million for 2015 and the cost of sales represents 50% of sales Asset Turnover Sales to total asset Total debt to assets Current ratio 2 times 40% 2 times 10 times 15 times Inventory turnover Accounts receivable turnover Required: Apply ratio analysis to compute the missing information and fill in the balance sheet items. Stone Inc.; A summarized Ralance Sheet as at Dec. 31,2015 Liabilities and Equities Current Liabilities Long term Liabilities Total Liabilities Assets (S) Cash Accounts Receivable Inventory Total Current Assets 10,000,000 Plant and Equipment Total Assets Steckholders' Equity Total Liabilities & Equities