Question
From the following information, you are required to prepare balance sheet: 1.75 Current Ratio = 1.25 Liquid Ratio Stock Turnover Ratio (Cost of sales/ Closing
From the following information, you are required to prepare balance sheet:
|
|
| 1.75 |
| Current Ratio | = | 1.25 |
| Liquid Ratio Stock Turnover Ratio (Cost of sales/ Closing stock) | = | 9 |
| Gross Profit Ratio | = | 25% |
|
|
|
|
| Debt Collection Period |
| 12 months |
| Reserves and Surplus to Capital | = | 0.2 |
| Turnover to Fixed Assets | = | 1.2 |
| Capital Gearing ratio (Long-term Debt to Equity Capital) | = | 0.6 1.25 |
| Fixed Assets to Net Worth | = |
|
| Sales for the year | = | $ 12,00,000 |
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Financial Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine, Christopher D. Burnley
8th Canadian Edition
111959457X, 978-1119594574
