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Need Homework Help asap, due soon!! Thank you. Heirloom Mills' balance sheet appears as follows (amounts in thousands): (Click the icon to view the balance

Need Homework Help asap, due soon!! Thank you. image text in transcribed
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Heirloom Mills' balance sheet appears as follows (amounts in thousands): (Click the icon to view the balance sheet.) Heirloom Mills Balance Sheet December 31, 2024 (in thousands) Liabilities 90) Total Current Liabilities Long-term Note Payable 650 Other Long-term Liabilities Total Liabilities $ Assets Cash Accounts Receivables Merchandise Inventory Prepaid Expenses Total Current Assets Plant Assets, Net 1,700 880 Other Assets Stockholders' Equity 2,250 Stockholders' Equity 6,900 Total Liabilities and Stockholders' Equity 2,700 Total Assets 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.) * Balance Sheets Heirloom Mills Balance Sheet December 31, 2024 Liabilities 90 Total Current Liabilities (0) Long-term Note Payable 650 Other Long-term Liabilities (b) Total Liabilities 1.700 (0) 880 Assets Cash Accounts Receivables Merchandise Inventory Prepaid Expenses Total Current Assets Plant Assets, Net Other Assets 2.250 6,900 Stockholders' Equity Stockholders' Equity Total Liabilities and Stockholders' Equity 2,700 Total Assets $ (9)

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