Number of shares outstanding	15,000		Average collection period (days)	60
Sales	$ 200,000		Accounts payable days	90
Gross profit margin	20%		Retained earnings (2010)	$ 23,700
Inventory turnover ratio	4		Dividend payout ratio	80%
Notes payable	$ 8,000		Accruals	$ 4,000
Net profit margin	15%		Current ratio	1.5
Return on assets	8%		Debt ratio	40%

Note: Of total sales, 60 percent are on credit and the remainder are cash sales. Assume a 360-day year. All data in the table above, unless otherwise stated, is for the year 2015.

Cash Accounts receivable Inventory Net fixed assets

Total assets

__________ __________ __________ __________ __________

Notes payable Accounts payable Accruals Long-term debt Common stock ($2 par value) Capital surplus

Retained earnings Total liab. & equity

__________ __________ __________ __________ __________ __________ __________ __________

1. Cash = ____________.

2. Long-term debt = ____________.

3. Total assets =____________.

4. Capital surplus = __________.

PLEASE ANSWER QUESTIONS: 1, 2, 3, 4 AND SHOW HOW YOU GOT THE ANSWER