Complete the balance sheet of Flying Roos Corp., given all of the following information.

Assets 2008 Liabilities and Stockholders’ Equity 2008

Cash and marketable securities Accounts payable
Accounts receivable Notes payable $ 300,000
Inventories
Total current assets Total current liabilities
Long-term debt $2,000,000
Net plant and equipment Common stock
Retained earnings $1,250,000
Total liabilities and stockholders’

Total assets $8,000,000 equity

You are also given the following information:

Debt ratio = 40% Current ratio = 1.5 Sales = $2.25 million

DSO = 39 days Inventory turnover ratio = 3.375

Cost of goods sold = $1.6875 million

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