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A skeleton of Athol Country Florists balance sheet appears as follows (amounts in thousands): Balance Sheet (Statement of financial position) Cash R85 Total current liabilities

A skeleton of Athol Country Florists balance sheet appears as follows (amounts in thousands): Balance Sheet (Statement of financial position)

Cash R85

Total current

liabilities

R1 900
Receivables a) Longterm debt e)
Inventories R762

Other longterm

liabilities

R720
Prepaid expenses b)
Total currentassets c)
PPE d) Share capital R185
Other assets R2 100 Retained earnings R3 465
Total assets R7 300

Total liabilities and

equity

f)

Use the following ratio data to complete Athol Country Florists balance sheet:

  1. Debt ratio is 0.50
  2. Current ratio is 1.30
  3. Acid-test ratio is 0.40

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