Question
Complete the Statement of Financial Position and the sales information in the table that follows for JAYDz Industries using the following financial data. NB. All
Complete the Statement of Financial Position and the sales information in the table that follows for JAYDz Industries using the following financial data.
NB. All sales are on credit.
Debt ratio: 60%
Current ratio 1.8 times
Total assets turnover 1.5 times
Accounts receivable turnover 10 times
Gross profit margin on sales 25%
Inventory turnover ratio 5 times
Statement of Financial Position | |
ASSETS | $000 |
Non-current assets | |
Total non-current assets | |
Current assets | |
Inventories | |
Accounts receivable | |
Cash | |
Total current assets | |
TOTAL ASSETS | 750,000 |
CAPITAL & LIABILITIES | |
Capital & reserves | |
Ordinary shares | |
Retained earnings | 243,750 |
Total capital & reserves | |
Non-current liabilities | |
Long-term loan | 150,000 |
Total non-current liabilities | 150,000 |
Current liabilities | |
Accounts payable | |
Total current liabilities | |
TOTAL CAPITAL & LIABILITIES | |
Sales | |
Cost of sales | |
Complete the Statement of Financial Position and the sales information in the table that follows for JAYDz Industries using the following financial data.
NB. All sales are on credit.
Debt ratio: 60%
Current ratio 1.8 times
Total assets turnover 1.5 times
Accounts receivable turnover 10 times
Gross profit margin on sales 25%
Inventory turnover ratio 5 times
Statement of Financial Position | |
ASSETS | $000 |
Non-current assets | |
Total non-current assets | |
Current assets | |
Inventories | |
Accounts receivable | |
Cash | |
Total current assets | |
TOTAL ASSETS | 750,000 |
CAPITAL & LIABILITIES | |
Capital & reserves | |
Ordinary shares | |
Retained earnings | 243,750 |
Total capital & reserves | |
Non-current liabilities | |
Long-term loan | 150,000 |
Total non-current liabilities | 150,000 |
Current liabilities | |
Accounts payable | |
Total current liabilities | |
TOTAL CAPITAL & LIABILITIES | |
Sales | |
Cost of sales | |
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