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Complete the Following Balance Sheet for the Range Company Using

Question 85

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Complete the following balance sheet for the Range Company using the following information:
Debt to Assets = 60%
Quick Ratio = 1.1
Asset Turnover = 5x
Capital Asset Turnover = 12.037x
Current Ratio = 2
Average Collection Period = 17.0708 days

 Cash  Current liabilities  Receivables  Bonds payable  Inventory  Total liabilities  Total current assets  Net worth  Plant and Equipment  Total liabilities  Total Assets $325.000 and Net worth \begin{array}{ll}\text { Cash }&\underline{\quad\quad} & \text { Current liabilities } &\underline{\quad\quad} \\\text { Receivables }&\underline{\quad\quad} & \text { Bonds payable } &\underline{\quad\quad} \\\text { Inventory } &\underline{\quad\quad} & \text { Total liabilities }&\underline{\quad\quad} \\\text { Total current assets } &\underline{\quad\quad} & \text { Net worth } &\underline{\quad\quad} \\\text { Plant and Equipment }&\underline{\quad\quad} & \text { Total liabilities }&\underline{\quad\quad} \\\text { Total Assets } & \$ 325.000& \text { and Net worth }&\underline{\quad\quad} \end{array}
Assume all sales are on credit.

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