Description of this paper

accounts data bank

Description

solution


Question

Question;Q1. Using the information, complete the balance sheet.;Long term debt to equity;50%;Total assets turnover;2.5 times;Average collection period*;18 days;Inventory turnover;9 times;Gross profit margin;10%;Acid test ratio;1;*Assume a 360 days year and all sales on;credit.;Assets;Rs.;Liabilities And Equity;Rs.;Cash;Notes And Payables;100,000;Accounts Receivable;Long Term Debt;Inventory;Common Stock;100,000;Plant And Equipment;Retained Earnings;100,000;Total Assets;Total Liabilities And Equity;Ans1.;Q2. ABC Company has the following;balance sheet and income statement over the last year. (in thousands);Q3.

 

Paper#44951 | Written in 18-Jul-2015

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