Ratio Analysis: Use the following information to complete the balance sheet below. Hint: use 365 day calendar.
Current ratio = 4
Current liabilities = 5 million
Credit sales = 25 million
Average collection period = 30
Inventory turns = 8
Total asset turns = .75
Debt ratio = 45%
Cash Current Liabilities
Accounts Receivable Long-term Debt
Inventory Total Debt
Current Assets Stockholders’ Equity
Fixed Assets
Total Assets Total Liabilities & Equity
