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The following ratios have been computed for Mason Company for 2017. Profit margin Times interest earned Receivables turnover Acid-test ratio Current ratio Debt to assets

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The following ratios have been computed for Mason Company for 2017. Profit margin Times interest earned Receivables turnover Acid-test ratio Current ratio Debt to assets ratio 12.5 % 8 times 4 times 20 % Use the above ratios and information from the Mason Company financial statements to fill in the missing information on the financial statements Mason Company's 2017 financial statements with missing information follow: MASON COMPANY Comparative Balance Sheet December 31 2017 2016 Assets Cash Short-term investments $ 30,000 $45,000 10,00025,000 40,000 50,000 l200,000 160,000 $320,000 Accounts receivable (net) Inventory Property, plant, and equipment (net) Total assets Liabilities and stockholders' equity Accounts payable Short-term notes payable Bonds payable Common stock Retained earnings $30,000 40,000 35,000 20,000 200,000 200,000 600035,000 Total liabilities and stockholders' equity s $320,000

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