Question
Create a balance sheet based on the following information: Cash 1500000$ Shareholding 500000 Real estate 7200000 Accounts payable 1225000 Trade receivables 800000 Unpaid income tax
Create a balance sheet based on the following information:
Cash 1500000$
Shareholding 500000
Real estate 7200000
Accounts payable 1225000
Trade receivables 800000
Unpaid income tax 180000
Machinery and equipment 2500000
Long-term bonds 4200000
Unallocated equity 700000
Share capital 5900000
Long-term bonds are for 12 years and 12 annual maturities remaining.
Unallocated equity is based on the amount after the approved dividend payment to shareholders, which is unpaid at the end of the year and amounts to 5% of the share capital.
The company has owned the shareholding for several years and plans to continue to own it.
Enter the working capital ratio and equity ratio.
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