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Q2: Selected ratios for ANU products Ltd. are: Total debt to net worth 1.4 Total asset turnover Inventory turnover 9 times Average collection period Current

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Q2: Selected ratios for ANU products Ltd. are: Total debt to net worth 1.4 Total asset turnover Inventory turnover 9 times Average collection period Current ratio 3.3 Quick ratio 3.0 30 days 1.3 Required: Based on the above information complete the following balance sheet Cash Receivables Inventory Plant Total Assets Current Liabilities Long Term Debt Total Debit $700,000 Common Equity Total Equities

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