Complete the following balance sheet using the information: Cash Accounts Receivables Inventory Current Assets _ Net Fixed Assets $1,000,000...

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Accounting

Complete the following balance sheet using theinformation:
Cash
Accounts Receivables Inventory ____
Current Assets _
Net Fixed Assets $1,000,000 _
Total $1,300,000 =========
Current Ratio = 3.0
Inventory Turnover = 10.0
Debt Ratio = 30%
AccountsPayables                        $100,000
Long-term Debt
Total Liabilities
Common Equity
                                                          ____
Total                                               $1,300,000
                                                         =========
Total Asset Turnover = 0.5
Average Collection Period = 45 days
Gross Profit Margin = 30%

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SOLUTION BALANCE SHEET Assets Amount Liabilities Amount Cash 154864 Accounts Payable 100000 Accounts Receivable 80136 Long term debt 360000 Inventory 65000 Total Liabilities 460000 Current See Answer

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Complete the following balance sheet using the information: Cash Accounts Receivables Inventory ________ Current Assets _________ Net Fixed Assets $1,000,000...