Complete the 2017 Statement of Financial Statement (balance sheet) for Sutherland Industries using the information...

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Accounting

Complete the 2017 Statement of Financial Statement (balance sheet) for Sutherland Industries using the information that follows.
\table[[\table[[Statement of Financial Statement (Balance Sheet)],[Sutherland Industries December 31,2017]],],[Cash,R60,000,Accounts payable,R240,000],[\table[[Marketable],[securities]],50,000,Notes payable,],[\table[[Accounts],[receivable]],,Accruals,40,000],[Inventories,,Total current liabilities,],[Total current,,Long-term debt,],[assets,,Stockholders' equity,1200,000],[Net fixed assets,,Total liabs & owners',],[Total assets,,equity,]]
The following financial data for end 2017 is also available:
i. Sales totalled R3,600,000.
ii. The gross profit margin was 25%.
iii. Inventory turnover was 6.0.
iv. There are 360 days in the year.
v. The average collection period is 40 days.
vi. The current ratio was 1.60.
vii. The total asset turnover ratio was 1.20.
viii. The debt ratio was 60%.
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