Given the following information, complete the balance sheet below:

Current ration (Current Assets/Current Liabilities)     = 1.5

Debt/equity (Total Liabilities/Net Worth)                 =   .4

Asset turnover (Total Sales/Total Assets)               = 2.0

Gross margin (Sales - Cost of Goods Sold)               = 20%

Inventory turnover (Sales/Inventory)                     = 14

Assets Liabilities

Current Assets: Current Liabilities:
Cash 4,000 Acc't Payable 10,000
Acc't Receivable Accrued Expenses

Inventory
Total C. A. Total C. L.

Long Term Liabilities:
Mortgage 20,000
Fixed Assets:
Buildings Net Worth
Land 60,000 Retained Earnings 100,000
Total F.A.

TOTAL ASSET Total Liabilities &
Net Worth ____

Sales ____
Cost of Goods Sold ____
Gross Margin ______