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S-15. From the values of the different ratios that follow, calculate the missing balance sheet items and complete the balance sheet. Sales Average Collection Period

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S-15. From the values of the different ratios that follow, calculate the missing balance sheet items and complete the balance sheet. Sales Average Collection Period Inventory Turnover Debt to Assets Ratio Current Ratio Total Asset Turnover Fixed Asset Turnover $100,000 55 days 15 .4 or 40% 1.6 2.9 Assets Liabilities+Equity Cash Accounts Receivable Inventory Prepaid Expenses Total Current Assets Fixed Assets 6,000Accounts Payable 6,000 Notes Payable Accrued Expenses Total Current Liabilities Bonds Payable Common Stock Retained Earnings Total Liabilities + Equity 600 16,000 Total Assets

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