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Victor Shops

Price: $1.99


The following data are adapted from the financial statements of Victor's Shops, Inc.:


Total current assets  10,400,000
Accumulated depr.  1,900,000
Total liabilities  15,000,000
Preferred stock 0
Debt ratio 62%
Current ratio 1.7

Requirement
1. Complete Betty’s condensed balance sheet.
Current assets . . . . . . . . . . . . . . . . . . . . . . . .
Property, plant, and equipment . . . . . . . . . .
Less: Accumulated depreciation . . . . . . . .
Total assets . . . . . . . . . . . . . . . . . . . . . . . . . .
Current liabilities . . . . . . . . . . . . . . . . . . . . .
Long-term liabilities . . . . . . . . . . . . . . . . . . .
Stockholders’ equity . . . . . . . . . . . . . . . . . . .
Total liabilities and stockholders’ equity . . .

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