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Fill in the balance sheet

1. Fill in the balance sheet for the Jamestown Company presented below based on the following data (assume a 365-days year):

Sales = $3,650,000
Total Asset Turnover = 4X
Current Ratio = 3:1
Quick Ratio = 2:1
Current Liabilities to net worth = 30%
Average collection period = 20 days
Total debt to total assets = .4
Balance Sheet

Cash$ Accounts Payable $
Accounts Receivables $ T. Current Liab. $
Inventory$ Long-Term Debt $
T. Current Assets$ Stockholders ' equity $
Fixed Assets$ T. Assets $ Total Liab.& Equity $

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1. Fill in the balance sheet for the Jamestown Company presented below based on the following data (assume a 365-days year):

Sales = ...

Solution Summary

This discusses and provides steps for the prepration of balance sheet

$2.19