Fill in the blanks on the balance sheet above in order to answer the following...
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Accounting
Fill in the blanks on the balance sheet above in order to answer the following questions:
1. CASH = ________
2. TOTAL LIABILITIES = ________
3. TOTAL SHAREHOLDER EQUITY = ________
4. TOTAL ASSETS = _______
Number of shares outstanding Average collection period (days) 60 125,000 $4,200,000 Sales Accounts payable days 90 Gross profit margin 25% Retained earnings (Dec 31, 2019) $402,000 Inventory turnover ratio 6 Dividend payout ratio 80% Notes payable $80,000 Accruals $20,000 Net profit margin 15% Current ratio 1.2 Return on assets 7.5% Debt ratio 40% Percent of sales on credit 70% Par value per share $5.00 Cash Notes payable Accounts receivable Accounts payable Inventory Accruals Current assets Current liabilities Gross fixed assets Long-term debt Accumulated depreciation Total liabilities Net fixed assets Equity Land Total liab. & equity www Total assets
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