Name: Gabrielle Larusso 1. You are provided with the following information about the Heartland Hotel Corporation. Calculate the balance sheet highlighted in blue below for the end of the year for Heartland Hotel Corporation 1.2 $100,000 2.0 Current Ratio Current liabilities Debt/Equity Ratio Acid Test Ratio Inventory turnover ratio Cost of goods sold Accounts receivable Net income Return on assets 4 times $160,000 $ 40,000 $90,000 10% Assets Liabilities Cash Accts Receivable Inventory $40,000 $120,000 $100,000 Total Current Liabilities Total Non-Current Liabilities Total Liabilities Total Current Assets Total Non-Current Assets Owner's Equity 200,000 Total Assets * Notes Total L&OE A. Assume that average inventory is the same as end of year inventory B. Quick" assets only include cash and accounts receivable