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As a financial analyst, you have been hired by Milky Queen Ltd., the leading dairy manufacturer in the GCC region, to evaluate the firms financial

  • As a financial analyst, you have been hired by Milky Queen Ltd., the leading dairy manufacturer in the GCC region, to evaluate the firms financial performance over the past year.
  • You have performed ratio analysis and come up with the following figures:

image text in transcribed

  • Assuming 365 days in a year, complete the balance sheet and sales information below:

Cash

Accounts payable

Accounts receivable

Long-term debt

$ 60,000

Inventory

Common stock

Non-current assets

Retained earnings

$ 110,000

Total Assets

$ 330,000

Total L&E

Sales

Cost of goods sold

65% 2.25 25% Equity-to-assets ratio Current ratio Gross profit margin Total asset turnover Days in AR outstanding Inventory turnover ratio 2.5 14.6 10

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