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working capital 90,000 and debt to ratio 30 percent complete balance sheet Assets Current assets Cash 29,000 Accounts receivable 39,000 Inventory Prepaid expenses 17.000 Total

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working capital 90,000 and debt to ratio 30 percent
complete balance sheet
Assets Current assets Cash 29,000 Accounts receivable 39,000 Inventory Prepaid expenses 17.000 Total current assets Long-term assets Building Less: Accumulated depreciation (40,000) Total long-term assets 227,000 Total assets Liabilities and Stockholders Equity Liabilities Current liabilities Accounts payable 9,000 Notes payable 9 400 Income tax payable 36,300 Total current liabilities Long-term liabilities Mortgage payable Total liabilities Stockholders equity 102.000 Common stock Retained earnings Total stockholders equity Total liabilities and stockholders equity

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