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Need help asap, due soon. Thank you! Use the following ratio data to complete Heirloom Mills' balance sheet. a. Current ratio is 0.66. b. Acid-test
Need help asap, due soon. Thank you!
Use the following ratio data to complete Heirloom Mills' balance sheet. a. Current ratio is 0.66. b. Acid-test ratio is 0.24. (Enter amounts in thousands as provided in the problem statement.) 0 Balance Sheets X Assets Cash 1.700 Heirloom Mills Balance Sheet December 31, 2024 Liabilities 90 Total Current Liabilities (a) Long-term Note Payable 650 Other Long-term Liabilities (b) Total Liabilities (c) (d) Stockholders' Equity 2,250 Stockholders' Equity 6,900 Total Liabilities and Stockholders' Equity Accounts Receivables Merchandise Inventory Prepaid Expenses Total Current Assets Plant Assets, Net (0) 880 (0 Other Assets 2,700 Total Assets $ (9) Print Done Heirloom Mills' balance sheet appears as follows (amounts in thousands) (Click the icon to view the balance sheet.) Heirloom Mills Balance Sheet Assets $ December 31, 2024 (in thousands) Liabilities 90 Total Current Liabilities Long-term Note Payable 650 Other Long-term Liabilities Total Liabilities $ 1,700 Cash Accounts Receivables Merchandise Inventory Prepaid Expenses Total Current Assets Plant Assets, Net 880 Other Assets Stockholders' Equity 2.250 Stockholders' Equity 6,900 Total Liabilities and Stockholders' Equity 2,700 Total Assets $ Step by Step Solution
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