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This Question: 5 pts 24 of 27 (0 complete) A skeleton of Westview Corporation's balance sheet appears as follows (amounts in thousands): (Click the icon
This Question: 5 pts 24 of 27 (0 complete) A skeleton of Westview Corporation's balance sheet appears as follows (amounts in thousands): (Click the icon to view the data.) Use the following ratio data to complete Westview's balance sheet: a. The debt ratio was 0.53. b. The current ratio was 1.30. The quick (acid-test) ratio was 0.500. C. Balance Sheet Data Table Cash $ $ 2,050 265 Total current liabilities Long-term debt 1,374 Other long-term liabilities 840 Balance Sheet Receivables Inventories Prepaid expenses Total current assets Plant assets, net Cash $ 265 Total current liabilities $ 2,050 (e) 175 2,974 840 Common stock Retained earnings (a) Long-term debt 1,374 Other long-term liabilities (b) 2,900 6,700 Other assets Receivables Inventories Prepaid expenses Total current assets Plant assets, net Total assets Total liabilities and equity (C) (d) Common stock 2,900 Retained earnings Total liabilities and equity 175 2.974 Other assets $ Total assets 6,700 $ (f) Print Done
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