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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.)
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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