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Please help Isa and Shane fill-in-the blanks to their balance sheet and income statement given the following ratios: Debt ratio 50% Quick ratio 2 (Current

Please help Isa and Shane fill-in-the blanks to their balance sheet and income statement given the following ratios:
Debt ratio 50%
Quick ratio 2 (Current Assets -Inventory)/Current Liabilities
Total Asset Turns 3 Net Sales/Assets
DSO's 36.5 AR/AverageDaily Sales
Gross Profit Margin 50%
Inventory Turns 10 COGS/Inventory
Balance Sheet ($M)
Cash Accounts Payable
Accounts Receivable Long-term Debt $ 1,000
Inventories Common Stock
Fixed Assets Retained Earnings $ 500
Total Assets $ 4,000 Total Liabilities & Equity
Income Statement ($M)
Sales
Cost of Goods Sold
Quick Ratio 2 = (Current Assets -Inventory)/Current Liabilities
2 = (CA - Inv) / 1000
2000 = Current Assets - Inventory
2000 + inventory = current assets
2600 = current assets
Cash = CA - Inv - AR
Cash = 2600 - 1200 - 600
Cash = 800
Which makes fixed assets $1400

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