Question
BS Below is the adjusted trial balance of Dalsor Company as at 31 December 2019 before year end closing. Dalser Company Adjusted Trial Balance 31
BS Below is the adjusted trial balance of Dalsor Company as at 31 December 2019 before year end closing. Dalser Company Adjusted Trial Balance 31 December 2019 Debit Credit $ Cash S 42,000 Prepaid rent 25,000 Inventory 132,500 Accounts receivable 82,500 Land 312,500 Machine 25,000 Accumulated depreciation: Machine 5,000 Accounts payable 55,000 Dividend payable 36,000 Notes payable (due in 3 months) 20,000 Notes payable (due in 6 years) Ordinary shares (par value $0.75 per share) 180,000 150,000 Retained earnings Dividend Sales revenue Sales Return and Allowance Cost of goods sold Operating expense Interest expense Income tax expense TOTAL 173,500 36,000 1,607,000 62,000 998,000 475,000 28,500 7,500 2,226,500 2,226,500 Market price per share on 31 December 2019 was $0.81. In 2019 the company had decla dividend only once and to be paid out in January 2020. Beginning and ending balances o assets, liabilities and equity items remain almost constant throughout the year. Required: Compute the following for Dalsor Company. Round your answers to two decimal places. 5 your workings. All answers MUST use the designated unit as specified in the question, if any (a) Inventory Turnover Rate (b) Debt Ratio (in %) (c) Working Capital (S) (d) Quick Ratio (2 m (2 (2 (2 Page Question B5 (continued) (e) Dividend Yield (in %) (f) Gross Profit Margin (in %) (g) Return on Assets (%) - End of Section B- -END OF PAPER- (2 marks) (3 marks) (2 marks)
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