Ram and Rajesh were passionate nature lovers during their college days. After working in an MNC for
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Question:
Compute the following for their first year of operation: Ignore depreciation and taxes.
Total revenue, list of expenses, total expenses, Profit made during the year
Compute the value of the following at the end of the year:
Value of each assets, value of each liabilities, cash balance, total assets, total liabilities, total equity.
Also comment on their financial performance.
Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
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