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    Fill in the balance sheet

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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 = $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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    https://brainmass.com/business/financial-statements/fill-in-the-balance-sheet-76657

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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

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