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The Shannon Corporation has sales of $750,000, all on credit and COGS of $500,000. Total assets turnover 2.5 times Cash to total assets 2.0 %
The Shannon Corporation has sales of $750,000, all on credit and COGS of $500,000.
Total assets turnover | 2.5 | times |
Cash to total assets | 2.0 | % |
Accounts receivable turnover | 10.0 | times |
Inventory turnover (based on COGS) | 10.0 | times |
Current ratio | 2.0 | times |
Debt to total assets | 45.0 | % |
Based on the information given above. Complete the balance sheet.
SHANNON CORPORATION Balance Sheet Dec. 31, 20XX | |||||
Assets | Liabilities and Shareholders Equity | ||||
Cash | $ | Current debt | $ | ||
Accounts receivable | Long-term debt | ||||
Inventory | |||||
Total current assets | Total debt | ||||
Capital assets | Equity | ||||
Total assets | $ | Total debt and shareholders' equity | $ | ||
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