Ratio Analysis: Use the following information to complete the balance sheet below. Hint: use a
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
Accounts Receivable
Inventory
Current Assets
Fixed Assets
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Write My Essay For MeCurrent Liabilities
Long-term Debt
Total Debt
Stockholders’ Equity
Total Assets
Total Liabilities & Equity
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