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A company having a net working capital of OMR 280,000 as on 31st December 2020 indicates the following financial ratios and performance figures: 2.4 1.6
A company having a net working capital of OMR 280,000 as on 31st December 2020 indicates the following financial ratios and performance figures: 2.4 1.6 Current Ratio Liquidity Ratio Inventory Turnover Gross profit on sales Credit allowed 8 20% 1. 5 months The company's fixed assets is equivalent to 90% of its net worth (share capital plus reserves), while reserves amounted to 40% of share capital you are required to find out necessary values based on above data and then prepare a balance sheet for the year ending 31st December 2020
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