Balance sheet and income statement for start-up firm

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Reference no: EM13722965

Compose and complete the following balance sheet and income statement for this start-up firm, given the following:

Debt Ratio = 95%

Quick Ratio = .9

Asset Utilization = 1.9

AR Days = 40

Gross Profit Margin = 420

Inventory Turnover = 8

AP Days = 25

Fill in the following:

Cash

Accounts Receivable

Inventory

Fixed Assets

Total Assets = 750,000 (known)

Accounts Payable

Long-term Debt = 10,000 (known)

Common Stock

Sales

Cost of Goods Sold

Reference no: EM13722965

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