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S12-12 (book/static) A Question Help A skeleton of Gunner Corporation's balance sheet appears as follows (amounts in thousands): (Click the icon to view the data.)
S12-12 (book/static) A Question Help A skeleton of Gunner Corporation's balance sheet appears as follows (amounts in thousands): (Click the icon to view the data.) Use the following ratio data to complete Gunner's balance sheet: a. The debt ratio was 0.56. b. The current ratio was 1.60. c. The quick (acid-test) ratio was 0.700. Balance Sheet Cash $ 250 Total current liabilities $ 2,190 Data Table Receivables Long-term debt 1,364 Other long-term liabilities Inventories 820 Balance Sheet Prepaid expenses Total current assets Plant assets, net Cash $ $ 2,190 (e) 180 Receivables 250 Total current liabilities (a) Long-term debt 1,364 Other long-term liabilities (b) Common stock 2,275 Retained earnings 7,100 Total liabilities and equity Other assets 2,944 Inventories 820 $ Total assets Prepaid expenses Total current assets Plant assets, net 180 (c) (d) Common stock 2,275 Retained earnings 7,100 Total liabilities and equity 2,944 Other assets $ $ (f) Total assets Print Done Enter any number in the edit fields and then click Check
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