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    Ratio analysis :Balance sheet

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    Complete the following balance sheet for the Range Company using the following 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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    Solution Summary

    Word file contains balance sheet of Range Company.