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I need the answer as soon as possible The following data for Spectrum An Company 31/12/2018 Trading Ratio 3, Quick Ratio 2, Asset Turnover 3.5,
I need the answer as soon as possible
The following data for Spectrum An Company 31/12/2018 Trading Ratio 3, Quick Ratio 2, Asset Turnover 3.5, Earnings Per Share total liabilities to equity 77%, book value 87000 ,22000 Collection period 8 days, fixed assets turnover 6, net profit 1980000 Spectrum company following data on 31/12/2019 Turnover ratio 3, quick ratio 2, asset turnover 3.5, earnings per share ,total liabilities to equity 77%, book value 87000 ,22000 Collection period 8 days, fixed assets turnover 6, net profit Increased by 60% from the previous year It is required to prepare the balance sheet for the year 2018 and 2019 The following data for Spectrum An Company 31/12/2018 Trading Ratio 3, Quick Ratio 2, Asset Turnover 3.5, Earnings Per Share total liabilities to equity 77%, book value 87000 ,22000 Collection period 8 days, fixed assets turnover 6, net profit 1980000 Spectrum company following data on 31/12/2019 Turnover ratio 3, quick ratio 2, asset turnover 3.5, earnings per share ,total liabilities to equity 77%, book value 87000 ,22000 Collection period 8 days, fixed assets turnover 6, net profit Increased by 60% from the previous year It is required to prepare the balance sheet for the year 2018 and 2019Step by Step Solution
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