Question

Assume that the firm has owner's equity of 100000.CURRENT DEBT TO TOTAL DEBT=0.40.TOTAL DEBT TO OWNERS EQUITY=0.60.FIXED ASSETS TO OWNERS EQUITY 0.60.TOTAL ASSETS TURNOVER 2 TIMES.INVENTORY TURNOVER 8 TIMES.NOW COMPLETE THE FOLLOWING BALANCE SHEET,GIVEN THE INFORMATION ABOVE,(SHOW ALL YOUR WORKING).EQUITIES(CURRENT DEBT),(LONG-TERM DEBT),(TOTAL DEBT),(OWNERS EQUITY),(TOTAL EQUITY). UNDER ASSETS(CASH),(INVENTORY),(TOTAL CURRENT ASSETS),(FIXED ASSETS),(TOTAL ASSETS).INSERT IN A TABLE FORM

Answer 1

Answer:

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