The following information was taken from the financial statements of XYZ Ltd (amount in thousand of rupees)
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The following information was taken from the financial statements of XYZ Ltd (amount in thousand of rupees)
Calculate those ratios which indicate the efficient use of assets and discuss potential sources of trouble.
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Particulars Total assets Credit sales Cost of goods sold Cash Debtors Inventory Net fixed assets Creditors Short-term debt Long-term debt Equity Year 1 750 420 450 50 150 130 120 75 125 125 125 Year 2 850 520 595 60 165 160 260 85 175 185 200 Year 3 860 550 645 55 180 170 250 100 170 175 210
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The efficient use of assets is indicated by the following key ratios a Current assets turnover b Deb...View the full answer
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Related Book For
Management Accounting Text Problems And Cases
ISBN: 9781259026683
6th Edition
Authors: M Y Khan, P K Jain
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