The Griggs Corporation has credit sales of $826,200. Total assets turnover 2.70 times Cash to total assets 1.80 % Accounts receivable turnover 10 times Inventory turnover 20 times Current ratio 1.77 times Debt to total assets 45 % Using...

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Finance

The Griggs Corporation has credit sales of $826,200.
Total assets turnover 2.70 times
Cash to totalassets 1.80 %
Accountsreceivable turnover 10 times
Inventoryturnover 20 times
Currentratio 1.77 times
Debt to totalassets 45 %
Using the above ratios, complete the balance sheet.(Round your answers to the nearest wholenumber.)
Cash    current debt
Accountsreceivable                                                               long term debt
Inventory                                                                                total debt
Total currentassets                                                                equity
fixedAssets                                                                           total debt and stockholders equity
Total Assets

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AnswerTotal Assets Turnover Sales Total Assets270 826200 Total AssetsTotal Assets 306000Cash to Total Assets Cash Total Assets180 Cash 306000 100Cash 5508Accounts See Answer

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The Griggs Corporation has credit sales of $826,200.Total assets turnover2.70timesCash to totalassets1.80%Accountsreceivable turnover10timesInventoryturnover20timesCurrentratio1.77timesDebt to totalassets45%Using the above ratios, complete the balance sheet.(Round your answers to the nearest wholenumber.)Cash current debtAccountsreceivable long term debtInventory total debtTotal currentassets equityfixedAssets total debt and stockholders equityTotal Assets

Total assets turnover	2.70	times
Cash to totalassets	1.80	%
Accountsreceivable turnover	10	times
Inventoryturnover	20	times
Currentratio	1.77	times
Debt to totalassets	45	%