Project #2242 - Accounting HELP

From the values of the different ratios that follow, calculate the missing balance sheet items and complete the balance sheet. (30 points) Sales $300,000 Average collection period (days) : 55 Inventory Turnover (days) 40 Debt to asset ratio 0.4 Current ratio 2 Total Asset turnover 1.5 Fixed asset turnover 3 Assets Liabilities & Equity Cash $6,000 Accounts payable $6,000 Accounts Receivable _____ Notes Payable _______ Inventory ______ Accrued Expenses $600 Prepaid expenses _______ Total Current Liabilities ________ Total Current Assets ________ Bonds Payable __________ Fixed Assets _________ Common Stock $16,000 Total Assets _________ Retained earnings ________ Total Liabilities & Equity _________

Subject Business
Due By (Pacific Time) 02/09/2013 06:00 pm
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