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Problem 13-20B. Supply missing balance sheet numbers. Rustin Craft discovered a piece of wet and partially burned balance sheet after his office was destroyed by
Problem 13-20B. Supply missing balance sheet numbers. Rustin Craft discovered a piece of wet and partially burned balance sheet after his office was destroyed by fire. He could recall a current ratio of 1.75 and a debt to assets ratio of 45 percent. Assets $ 150,000 252.000 54,000 (B) Current assets Cash Accounts receivable Inventory... Prepaid expenses Total current assets Long-term assets Building Less: Accumulated depreciation Total long-term assets Total assets Liabilities and Stockholders Eguity (180,000) 1,080,000 $ 252,000 Liabilities Current abilities Accounts payable Notes payable Income tax payable Total current liabilities Long term liabilities Bonds payable 108.000 480.000 270.000 252,000 54,000 (B) (180,000) 1,080,000 $ (D) Inventory Prepaid expenses Total current assets Long-term assets Building Less: Accumulated depreciation Total long-term assets Total assets Liabilities and Stockholders' Equity... Liabilities Current liabilities Accounts payable Notes payable Income tax payable Total current liabilities Long-term liabilities Bonds payable Mortgage payable Total liabilities Stockholders' equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 252,000 (E) 108,000 480,000 270,000 540,000 Required Complete the balance sheet hy supplying the missing amounts
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