Fill out the missing items on the Kim, Inc.’s balance sheet based on the ratios given below:

Cash and marketable securities 800
current liabilities ?
Accounts Receivables ?
Long term Debt ?
Inventory ?
Equity ?
Fixed Assets ?
TOTAL ASSETS $8800
TOTAL LIABILITIES
AND EQUITY ?

Current Ratio 1.2
Quick Ratio 0.6
Total Assets
Turnover Ratio 0.7272
Accounts Receivable Turnover Ratio 4.0
Debt-Equity Ratio 2.143

To fill out the missing items on Kim, Inc.'s balance sheet, we will use the provided ratios and the total assets value. Let's go step by step:

1. Current Ratio: This ratio measures the company's ability to pay off its short-term liabilities with its short-term assets. It is calculated by dividing current assets by current liabilities:

Current Ratio = Current Assets / Current Liabilities

Given the current ratio as 1.2, we can set up the equation as follows:

1.2 = Current Assets / Current Liabilities

To find the value of current liabilities, we need to solve for Current Assets. Rearranging the equation:

Current Assets = Current Liabilities * 1.2

2. Quick Ratio: This ratio is a stricter measure of a company's liquidity, excluding inventory from current assets. It is calculated by dividing quick assets (cash, marketable securities, and accounts receivable) by current liabilities:

Quick Ratio = (Cash + Marketable Securities + Accounts Receivable) / Current Liabilities

Given the quick ratio as 0.6, we can set up the equation as follows:

0.6 = (800 + Accounts Receivable) / Current Liabilities

Now we have two equations with two variables (Current Assets and Current Liabilities). We can solve these equations simultaneously.

3. Total Assets Turnover Ratio: This ratio measures the company's efficiency in using its assets to generate sales. It is calculated by dividing sales by total assets:

Total Assets Turnover Ratio = Sales / Total Assets

Given the total assets turnover ratio as 0.7272, we can set up the equation as follows:

0.7272 = Sales / 8800

Solving for Sales:

Sales = 0.7272 * 8800

4. Accounts Receivable Turnover Ratio: This ratio measures the number of times per year that accounts receivable are collected. It is calculated by dividing sales by accounts receivable:

Accounts Receivable Turnover Ratio = Sales / Accounts Receivable

Given the accounts receivable turnover ratio as 4.0, we can set up the equation as follows:

4.0 = Sales / Accounts Receivable

5. Debt-Equity Ratio: This ratio measures the company's financial leverage or the proportion of debt to equity. It is calculated by dividing total debt by equity:

Debt-Equity Ratio = Total Debt / Equity

Given the debt-equity ratio as 2.143, we can set up the equation as follows:

2.143 = Total Debt / Equity

Now that we have the equations set up, let's solve them to find the missing items on the balance sheet:

1. From the Current Ratio equation:
Current Assets = Current Liabilities * 1.2

2. From the Quick Ratio equation:
800 + Accounts Receivable = Current Liabilities * 0.6

3. From the Total Assets Turnover Ratio equation:
Sales = 0.7272 * 8800

4. From the Accounts Receivable Turnover Ratio equation:
Sales = 4.0 * Accounts Receivable

5. From the Debt-Equity Ratio equation:
2.143 = Total Debt / Equity

Solving these equations will give us the values of Current Liabilities, Accounts Receivable, Sales, Total Debt, and Equity. Finally, we can calculate Total Liabilities and Equity by adding the respective values.