The Griggs corporation has credit sales of $1,200,000 -

The Griggs corporation has credit sales of $1,200,000. Given the following ratios, fill in the balance sheet below: Total assets turnover- 2.4 times Cash to total assets- 2.0% Accounts Receivable turnover- 8.0 times Inventory turnover- 10.0 times Current Ratio- 2.0 times Debt to total assets- 61.0% GRIGGS CORPORATION Balance Sheet 2008 Assets Liabilities and Stockholder Equity Cash= Current Debt= Account Receivable= Long-term Debt= Inventory= Total Debt= Total Current Assets= Equity= Fixed Assets= Total debt and= Stockholder’s equity=

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