COMPANY NAME BALANCE SHEET as at __________ (Date) ASSETS $ LIABILITIES $ Current Assets: Current Liabilities: Cash in Bank $18,500.00 Accounts…

COMPANY NAME BALANCE SHEET as at __________ (Date) ASSETS $ LIABILITIES $ Current Assets:  Current Liabilities:    Cash in Bank $18,500.00  Accounts Payable $4,800.00  Petty Cash $500.00  Wages Payable $14,300.00  Net Cash $19,000.00  Office Rent —  Inventory $25,400.00  Utilities $430.00  Accounts Receivable $5,300.00  Federal Income Tax Payable $2,600.00  Prepaid Insurance $5,500.00  Overdrafts — Total Current Assets $55,200.00  Customer Deposits $900.00      Pension Payable $720.00 Fixed Assets:    Union Dues Payable —  Land $150,000.00  Medical Payable $1,200.00  Buildings $330,000.00  Sales Tax Payable    Less Depreciation $50,000.00 Total Current Liabilities $24,950.00 Net Land & Buildings $430,000.00         Long-Term Liabilities:  Equipment $68,000.00  Long-Term Loans $40,000.00 Less Depreciation $35,000.00  Mortgage $155,000.00 Net Equipment $33,000.00 Total Long-Term Liabilities $195,000.00             TOTAL LIABILITIES $219,950.00            Owners’ Equity:        Common Stock $120,000.00      Owner – Draws $50,000.00      Retained Earnings $128,250.00    Total Owners’ Equity: $298,250.00        TOTAL ASSETS $518,200.00 LIABILITIES AND EQUITY $518,200.00

Based on the Balance Sheet above determine the following:

1. TOTAL ASSETS 2. TOTAL LIABILITIES 3. TOTAL EQUITY 4. Current Assets 5. Current Liabilities 6. Current Ratio 7. Quick Ratio 8. Return On Equity (ROE) 9. Debt Ratio