Identifying missing figures and preparation of Balance Sheet.
Complete the balance sheet below, based on the given data.
|
Cash
|
100,000
|
Accounts Payable
|
150,000
|
|
Receivables
|
|
S/T Bank Loan
|
|
|
Inventory
|
____________
|
|
____________
|
|
Current Assets
|
|
Current Liabilities
|
|
|
Fixed
|
800,000
|
L/T Debt
|
|
|
|
|
Total Debt
|
|
|
Total Assets
|
2,000,000
|
c. Stock
|
2,000
|
|
|
|
Paid in
|
198,000
|
|
|
|
R. E.
|
|
|
|
|
N. W.
|
|
|
|
|
Total Liab. & N.W.
|
|
1) Total debt to total assets = .60
2) Total asset turn = 2X
3) DSO = 45 days
4) Current ratio = 2.0