ResponsePage.aspx?id=koAl-WLCUa-qHWITTJplAWKINCILMhAmi AsOOXJDVUNDYYWIUAMIEOMEE2NDK1SkizRkZQUFdWMCAL 3. The following elements of the stsement of financial Position as on 12/31/2020: Assets: Cash------- Inventory-- total CA- PP & E----- L & Equity CL --- --Loans-- total liabilities Shareholders'quity Additional Information: 1. Equity $500,000 2. CL/total Debt 40% 3. Total Debt/Equity 60% 4. PP&E/Equity 60% 5. Asset turnover 2 6. Inventory turnover 8 Required: Find the balances of Balance Sheet Statement (5 Points) Enter your answer ResponsePage.aspx?id=koAl-WLCUa-qHWITTJplAWKINCILMhAmi AsOOXJDVUNDYYWIUAMIEOMEE2NDK1SkizRkZQUFdWMCAL 3. The following elements of the stsement of financial Position as on 12/31/2020: Assets: Cash------- Inventory-- total CA- PP & E----- L & Equity CL --- --Loans-- total liabilities Shareholders'quity Additional Information: 1. Equity $500,000 2. CL/total Debt 40% 3. Total Debt/Equity 60% 4. PP&E/Equity 60% 5. Asset turnover 2 6. Inventory turnover 8 Required: Find the balances of Balance Sheet Statement (5 Points) Enter your