Balance sheet for the range company


Complete the given balance sheet for the Range Company using the given information:

Debt to Assets = 60 percent
Quick Ratio = 1.1
Asset Turnover = 5x
Fixed Asset Turnover = 12.037x
Current Ratio = 2
Average Collection Period = 16.837 days

Cash Current Liabilities ______
Receivables ________    Bonds Payable ______
Inventory ________    Total Liabilities ______
Total Current Assets ________    Net Worth ______
Plant and Equipment ________    Total Liabilities and Net Worth    ______
Total Assets $325,000

Assume all sales are on credit and a 360-day year.

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Accounting Basics: Balance sheet for the range company
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