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1 table [ [ Accounts , Amount ( $ ) ] , [ Accounts receivable, 4 , 6 8 0 , 0 0 0

1\table[[Accounts,Amount ($)],[Accounts receivable,4,680,000],[Accounts payable,5,200,000],[Bank,950,000],[Capital,15,000,000],[Dividends paid,650,000],[Equipment,12,000,000],[Fixtures,2,500,000],[GST Collected,800,000],[GST Paid,350,000],[Inventory,1,950,000],[Land and Buildings,28,000,000],[Mortgage,27,000,000]]. Electric Vehicle Battery (EVB)
Use the data below to answer the questions.
The projected assets, liabilities, and equity of Battery for Life Ltd as of 30 June 2022 are as follows:
Table 2B
Accounts Amount ($)
Accounts receivable 4,680,000
Accounts payable 5,200,000
Bank 950,000
Capital 15,000,000
Dividends paid 650,000
Equipment 12,000,000
Fixtures 2,500,000
GST Collected 800,000
GST Paid 350,000
Inventory 1,950,000
Land and Buildings 28,000,000
Mortgage 27,000,000
Round your final answers to two decimal places. Do not insert units, dollar signs ($), percentage signs (%), spaces, brackets () and commas (,) in your final answer.
I. What is the total of current assets?
II. Write the amount of the total assets.
III. Write the total liabilities amount.
IV. Calculate net assets.
V. What is the total owners equity?
VI. Calculate the current ratio.
VII. Calculate the debt ratio, in percentage terms, for EVB in 2022.
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