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The Griggs Corporation has credit sales of $924,000. Total assets turnover 2.40 times Cash to total assets 1.65 % Accounts receivable turnover 15 times Inventory

The Griggs Corporation has credit sales of $924,000.

Total assets turnover 2.40 times
Cash to total assets 1.65 %
Accounts receivable turnover 15 times
Inventory turnover 12 times
Current ratio 1.96 times
Debt to total assets 45 %

Using the above ratios, complete the balance sheet. (Round your answers to the nearest whole dollar.) image text in transcribed

Assets GRIGGS CORPORATION Balance Sheet Liabilities and Stockholders' Equity Current debt Long-term debt Total debt Cash Accounts receivable Inventory Total current assets Fixed assets Total assets Equity Total debt and stockholders' equity

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