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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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