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Group "C" Comprehensive answer questions: Read the following information and answer the questions given below: [2 x 10 = 20 17. (a) Using the following information, complete the balance sheet below. Long term debt to net worth = 0.5 Total assets turnover = 2.5 times Days sales outstanding = 18 days Gross profit margin =10% Quick ratio = 1 Inventory turnover = 9 times Assume a 360 days a year and all sales are on credit. a Balance Sheet Cash Notes Payable 100000 Account Receivable Long term debt Inventory Common stock 100000 Plant and equipment Retained earnings 100000 Total Assets RS------- Total Liabilities and equities RS