Complete the balance sheet for General Aviation,Inc.based on the following financial data.
Balance Sheet
General Aviation,Inc.
December 31,2019 Key Financial Data (2019)
1.Sales totaled $720,000.
2.The gross profit margin was 38.7 percent.
3.Inventory turned 6 times.
4.There are 360 days in a year.
5.The average collection period was 31 days.
6.The current ratio was 2.35.
7.The total asset turnover was 2.81.
8.The debt ratio was 49.4 percent.
9.Total current assets equal $159,565.

Question

Complete the balance sheet for General Aviation,Inc.based on the following financial data.
Balance Sheet
General Aviation,Inc.
December 31,2019  Key Financial Data (2019)
1.Sales totaled $720,000.
2.The gross profit margin was 38.7 percent.
3.Inventory turned 6 times.
4.There are 360 days in a year.
5.The average collection period was 31 days.
6.The current ratio was 2.35.
7.The total asset turnover was 2.81.
8.The debt ratio was 49.4 percent.
9.Total current assets equal $159,565.

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The Answer of Complete the balance sheet for General Aviation,Inc.based on the following financial data.
Balance Sheet
General Aviation,Inc.
December 31,2019  Key Financial Data (2019)
1.Sales totaled $720,000.
2.The gross profit margin was 38.7 percent.
3.Inventory turned 6 times.
4.There are 360 days in a year.
5.The average collection period was 31 days.
6.The current ratio was 2.35.
7.The total asset turnover was 2.81.
8.The debt ratio was 49.4 percent.
9.Total current assets equal $159,565.

Complete the Balance Sheet for General Aviation,Inc