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Q.4 Complete the following balance sheet based on the financial ration provided below, use a 365 day year 9 Points CASH INVENTORY ACCOUNTS RECEIVABLE TOTAL

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Q.4 Complete the following balance sheet based on the financial ration provided below, use a 365 day year "9 Points" CASH INVENTORY ACCOUNTS RECEIVABLE TOTAL CURRENT ASSETS FIXED ASSETS TOTAL ASSETS . . . . 650,000 ACCOUNTS PAYABLE LONG TERM DEBT TOTAL LIABILITY SHARESHOLDERS EQUITY TOTAL LIAB & OE DEBT RATIO "DEBT TO TOTAL ASSETS-43% QUICK RATIO-7.5 CURRENT RATIO=1.5 TOTAL ASSET TURNOVER 3.5 AVERAGE COLLECTION PERIOD-23 DAYS $75,000

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