USE THE FOLLOWING INFORMATION TO FILL IN THE BALANCE SHEET BELOW

TO ANSWER QUESTIONS $47$ through $50.$

Assume a $360-$day year and assume that the only accounts on the balance sheet are those listed below. Fill in this chart with the data provided and then answer questions $47,48,49$ and $50.$

NOTE: When you create the balance sheet associated with the data above, round all figures $($if necessary$)$ to the nearest whole dollar $($i$.$e$.,$ to $0$ decimal places$).$ Be sure that your final balance sheet balances.

$47.$ Current assets $=\_\_\_\_\_\_\_\_\_\_\_\_.$

$48.$ Current liabilities $=\_\_\_\_\_\_\_\_\_\_\_\_.$

$49.$ Long$-$term debt $=\_\_\_\_\_\_\_\_\_\_\_\_.$

$50.$ Total assets $=\_\_\_\_\_\_\_\_\_\_\_\_.$

Financial data for fedrekoko inc.

Number of shares outstanding $50,000$ Average collection period $($days$)28$

Sales $$920,000$ Accounts payable days $15$

Gross profit margin $25\%$ Capital surplus $$124,500$

Inventory turnover ratio $12$ Total dividends paid $$4,000$

Cash $$18,000$ Accruals $$20,500$

Net profit margin $8\%$ Quick ratio $1$

Return on assets $16\%$ Debt ratio $40\%$

Percent of sales for cash $10\%$

Cash $\_\_\_\_\_\_\_\_\_\_$ Notes payable $\_\_\_\_\_\_\_\_\_\_$

Accounts receivable $\_\_\_\_\_\_\_\_\_\_$ Accounts payable $\_\_\_\_\_\_\_\_\_\_$

Inventory $\_\_\_\_\_\_\_\_\_\_$ Accruals $\_\_\_\_\_\_\_\_\_\_$

Current assets $\_\_\_\_\_\_\_\_\_\_$ Current liabilities $\_\_\_\_\_\_\_\_\_\_$

Net fixed assets $\_\_\_\_\_\_\_\_\_\_$ Long$-$term debt $\_\_\_\_\_\_\_\_\_\_$

Total assets $\_\_\_\_\_\_\_\_\_\_$ Total liabilitiies $\_\_\_\_\_\_\_\_\_\_$

Common stock $($$$0\mathrm{.}50$ par value$)\_\_\_\_\_\_\_\_\_\_$

Capital surplus $\_\_\_\_\_\_\_\_\_\_$

Retained earnings $\_\_\_\_\_\_\_\_\_\_$

Total liab. & equity $\_\_\_\_\_\_\_\_\_\_$

Fedrekoko, Inc.