et genuine Office Learn more Balance Sheet of Al Asasil Fashions - 2018 Liabilities OMR Assets Equity share capital 23,200 Furniture Accounts Payable 1.250 Cash in hand Reserves and surplus 2,050 Bills receivables Notes Payable 850 Land Long term borrowings 6,120 Marketable securities Outstanding Salaries 450 Cash in bank Loan from Bank 2.945 Building Preference share capital 5,250 Prepaid expenses Bank overdraft 425Cars & Trucks Tax outstanding 250 Account Receivables Inventory Income earned but not received Machinery Equipment Total 42,790 Total OMR 2,000 2 sod 2,750 8,000 750 4,250 6,500 750 3,250 1.000 2.150 420 6,250 2.220 42,790 Income statement of Al Asasil Fashions - 2018 Particulars OMR Sales 220.000 Cost of goods sold 135,000 Administration expenses 23,000 Selling & Distribution exp 34,000 Interest received on debentures 12,200 Income from rent 2,000 Commission received 1,750 97F Sunny Ad As a Finance Manager of the company you are required to: Requirement: 1 Calculate the following from the Balance Sheet: Marks Total fixed assets 0.5 B Total long term liabilities 0.5 Total current assets D Total current liabilities 05 E Shareholders funds 05 F Capital employed 0.5 Requirement: 2 Calculate the following from the Income Statement: Marks G Gross profit 0.5 H Net profit 0.5 Requirement: 3 Calculate the following ratios: Marks 1 Return on capital employed 10 Current ratio 10 K Liquid ratio 1.0 Return on Equity 10 M Gross Profit & Net Profit Margin 10 N Give a brief report on the financial position of the company based 1.0 on the above figures Academic Integrity & Plagiarism Policy: The student should be ready to prove the authenticity of the work done. If any forms of plagiarism/reproduction of answers are discovered, student will be asked to repeat the assignment, if first offence, otherwise will be awarded zero marks. Each student should select a different company, if same company is selected by more than ds English (United States here to search OPP