Sunland Corporation Balance Sheet as of December 31, 2017

Assets:

Liabilities and Equity:

Cash and marketable securities

$

Accounts payable and accruals

$

Accounts receivable

Notes payable

300,000

Inventory

Total current assets

$

Total current liabilities

$

Long-term debt

$2,000,000

Net plant and equipment

Common stock

Retained earnings

$1,250,000

Total assets

$8,000,000

Total liabilities and equity

$ You have the following information:

Debt ratio		=	45	%
DSO		=	37	days
Current ratio		=	2.05
Inventory turnover ratio		=	3.000
Net sales		=	$2.24	million
Cost of goods sold		=	$2.3610	million