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  3. 2. (18 points total) now that you are an expert on

2. (18 points total) Now that you are an expert on balance sheets ratio analysis,...

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Accounting

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2. (18 points total) Now that you are an expert on balance sheets ratio analysis, use your knowledge to complete the following abbreviated balance sheet. You will have to work through the balance sheet puzzle to solve for the missing categories - all the needed information is provided. MUST SHOW ALL WORK (no work, no credit). Assets Current assets $2,000,000 Intermediate assets $4,800,000 Fixed assets (b) Liabilities Current liabilities (a) Intermediate liabilities $4,800,000 Long-term liabilities (c) Total liabilities (d) Total assets Net worth Total liabilities + net worth $18,800,000 The debt to asset ratio=0.5 The current ratio = 2.0 The debt to equity ratio = 1.0 a. Current liabilities: b. Fixed assets: c. Long-term liabilities: d. Total liabilities: e. Net worth: f. Total assets: HINTS: You do not have to go in order from a to f to solve. You can use the current ratio and current assets to solve for current liabilities (a)

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