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Q1. (30 marks) A skeleton of Heuristic Solution's balance sheet appears as follows (amounts in thousands): 1 Balance Sheet $ 1,164 2 3 Total current

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Q1. (30 marks) A skeleton of Heuristic Solution's balance sheet appears as follows (amounts in thousands): 1 Balance Sheet $ 1,164 2 3 Total current liabilities Long-term debt Other long-term liabilities $ 253 (a) 555 (6) (C) 4 5 826 Cash Receivables Inventories Prepaid expenses Total current assets Property, plant, and equipment, ner Other assets Total assets 7 185 2,846 (d) Common shares Retained earnings Total liabilities and shareholders' equity 8 1,150 $6.315 $ (0) 9 10 Use the following ratio data to complete Heuristic Solution's balance sheet: a. Debt ratio is 0.52. b. Current ratio is 1.20. c. Acid-test ratio is 0.70 Curn

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