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78529 Complete the balance sheet and sales data (fill in the blanks) using the following financial data [10 Marks] Debt/equity ratio = 0.80; Acid-test
78529 Complete the balance sheet and sales data (fill in the blanks) using the following financial data [10 Marks] Debt/equity ratio = 0.80; Acid-test ratio = 1.1; Total assets turnover ratio = 2; Days' sales outstanding tin trade receivables = 30 days; Cost of goods sold as a percentage of total revenues = 70 per cent; Inventory turnover ratio = 6 times; Other Income = Nil You are required Revenue from operation Revenue from operation 78525 2022/10/09 Balance Sheet Balance Sheet Equity capital Rs. 80,000 Retained earnings Rs. 50,000 Debt Total L+OE Plant and equipment Inventories Trade receivables Cash and cash equivalents Total Assets
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