Problem 16-21 (Algo) Incomplete Statements; Ratios Analysis [LO16-2, LO16-3, LO16-4, LO16-5, LO16-6] Pepper Company provided the incomplete financial statements shown below as well as the following additional information: a. All sales during the year were on account. b. There was no change in the number of shares of common stock outstanding during the year. c. The interest expense on the income statement relates to the bonds payable; the amount of bonds outstanding did not change during the year. d. Selected balances at the beginning of the current year were: e. Selected financial ratios computed from the statements below for the current year are: Required: Compute the missing amounts on the company's financial statements. (Hint: What's the difference between the acid-test ratio and the current ratio?) (Do not round intermediate calculations.) Required: Compute the missing amounts on the company's financial statements. (Hint: What's the difference between the acid-test ratio and the current ratio?) (Do not round intermediate calculations.) \begin{tabular}{|l|l|} \hline \multicolumn{1}{|c|}{ Pepper Industries } \\ \multicolumn{1}{|c|}{ Balance Sheet } \\ \hline March 31 & \\ \hline Current assets: & \\ \hline Cash & \\ \hline Accounts receivable, net & \\ \hline Inventory & \\ \hline Total current assets & \\ \hline Plant and equipment, net & $ \\ \hline Total assets & 200,000 \\ \hline Liabilities: & \\ \hline Current liabilities & \\ \hline Bonds payable, 10% & \\ \hline Total liabilities & \\ \hline Stockholders' equity: & \\ \hline Common stock, $2.60 par value & \\ \hline Retained earnings & \\ \hline Total stockholders' equity & \\ \hline Total liabilities and stockholders' equity & \\ \hline \end{tabular}