Use the following information to complete next balance sheet.

• Long term debt to equity 0.50.
• Total asset turnover 2.5 times.
• Average collection period 18 days.
• Inventory turn-over 9 times.
• Gross profit margin 0.10
• Acid-test ratio 1

Assets			Equity
Cash	???		Notes payable	100,000
Accounts receivable	???		Long-term debt	???
Inventory	???		Common stock	100,000
Equipment	???		Retained earnings	100,000
Total Assets		???	Total & liabilities Equity		???