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.
Word file contains balance sheet of Range Company.