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1- A company has the attached balance sheet in the previous year. At the end of 2020, an auditor (may be you) finds out the

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1- A company has the attached balance sheet in the previous year. At the end of 2020, an auditor (may be you) finds out the following transactions in 2020: (a) The company obtained a short-term bank loan of 200 TL; (b) The company issued a stock dividend of 100 TL by using its retained earnings. Assuming that these are the only transactions, the following ratios are calculated as of the 2020 year-end: (a) Current ratio is 1,3; (b) Quick ratio is 1,1; (c) Cash ratio is 0,7; (d) Financial leverage ratio is 1,2; (e) Debt-to-equity ratio is -6. What is the total assets in the 2020 balance sheet? BALANCE SHEET (31.12.2019) Cash and Cash Equivalents 100 Short-term debt Accounts Receivable 200 Accounts Payable Inventory 250 Long-term debt Property, Plant and Equipment 400 Common Stock Retained Earnings TOTAL ASSETS 950 TOTAL LIABILITIES + EQUITY 150 100 300 250 150 950

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