USE THE FOLLOWING INFORMATION TO FILL IN THE BALANCE SHEET BELOW

TO ANSWER QUESTIONS $47$ through $50$

Financial Data for Fedrekoko, Inc.

$($Unless otherwise noted, all data is for December $31,2022)$

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

$10\%$

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.

Fedrekoko, Inc.

Balance Sheet for the Year Ending December $31,2022$

Cash

$\_\_$$$18,000\_$

Notes payable

$\_\_\_\_\_\_\_\_\_\_$

Accounts receivable

$\_\_\_\_\_\_\_\_\_\_$

Accounts payable

$\_\_\_\_\_\_\_\_\_\_$

Inventory

$\_\_\_\_\_\_\_\_\_\_$

Accruals

$\_\_\_\_\_\_\_\_\_\_$

Current assets

$\_\_\_\_\_\_\_\_\_\_$

Current liabilities

$\_\_\_\_\_\_\_\_\_\_$

Net fixed assets

$\_\_\_\_\_\_\_\_\_\_$

Long$-$term debt

$\_\_\_\_\_\_\_\_\_\_$

Total assets

$\_460,000\_\_\_$

Total liabilities

$184,000\_\_\_\_\_\_\_\_$

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

$\_\_\_\_\_\_\_\_\_\_$

Capital surplus

$\_\_\_\_\_\_\_\_\_\_$

Retained earnings

$\_\_\_\_\_\_\_\_\_\_$

Total liab. & equity

$\_\_\_\_\_\_\_\_\_\_$

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

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

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

Total assets $=$USE THE FOLLOWING INFORMATION TO FILL IN THE BALANCE SHEET BELOW

TO ANSWER QUESTIONS $47$ through $50$

Financial Data for Fedrekoko, Inc.

$($Unless otherwise noted, all data is for December $31,2022)$

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.

Current assets $=$

Current liabilities $=$

Long$-$term debt $=$

Total assets $=$