Need help with solving 3-3, not sure how to use given numbers to get what I need to fill in the blanks.

62 PART 2: FINANCIAL PLANNING AND CONTROL $1,000 600 $ 400 3-4 Cost of goods sold $100 50 Net sales Less: Gross profit Less: operating expenses selling expenses general and administrative expenses lease payments Gross operating income Less: depreciation Net operating income Less: interest Net income before taxes Less: taxes Net income after taxes 50 $ 200 50 $ 150 50 $ 100 50 $ 50 3-5 3-6 Compute the following ratios: current ratio, quick ratio, debt ratio, times int earned, inventory turnover, receivable turnover, average collection period turnover, profit margin on sales, return on equity, and return on assets. 3-2 Christopher Construction, Inc. has current assets of $20,000 and current liabili ties of $10,000. If we assume that each transaction is independent, what is the effect of each of the following transactions on Christopher Construction Inc's current ratio? Compute the current ratio for each case. (a) $2,000 of accounts payable are paid off with cash. (b) Inventories of $5,000 are purchased on credit. (c) Additional common stock is sold for $4,000 cash. (d) A long-term debt of $2,000 is obtained, and the proceeds are used to buy a new machine. (e) Accounts receivable of $1,000 are collected in cash. 3-3 Given the following financial data, complete the balance sheet below: Total debt to net worth 1.5 to 1 Quick ratio Asset turnover 1 to 1 2 times Average collection period Sales/inventory Cash Receivables Inventories Net plant 18.25 days 10 times Notes payable Long-term debt Common stock Retained earnings $20,000 15,000 25,000 Total assets Total debt & equity