Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Find the vertical analysis, horizontal analysis, accounts receivable turnover, inventory turnover, current asset turnover Days sales in receivable analysis of the following. Note: Give interpretations

image text in transcribed

  • Find the vertical analysis, horizontal analysis,
  • accounts receivable turnover,
  • inventory turnover,
  • current asset turnover
  • Days sales in receivable analysis of the following.
  • Note: Give interpretations of all the analysis as well.
Credit Balance Account Title Cash Al Raheem Pharmacy Unadjusted Trial Balance 30/9/2018 Account No Debit Balance 11 162450 12 18000 13 8000 14 120000 17 1000 18 8500 21 15000 278000 31 32 5000 41 267450 Accounts Receivable Supplies Merchandise Inventory Prepaid Rent Office Equipment Accounts Payable Capital, Rizwan Ahmed Drawings, Rizwan Ahmed Sales Sales return and allowance Sales Discount Cost of merchandise sold Sales salary expense Advertising expense Rent expense Delivery Expense Miscellaneous Expense Total 42 1500 300 43 51 201450 52 55 6750 1500 56 16000 57 1000 9000 58 Rs.560450 Rs.560450

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Information Systems And Internal Control

Authors: Eddy Vaassen, Roger Meuwissen, Caren Schelleman

2nd Edition

0470753951, 9780470753958

More Books

Students also viewed these Accounting questions