Question
Listed in random order below are the accounting information of Al Dubai LLC Ltd as on 31 March 2020: Net sales OMR 1,000,000 Trade receivables
Listed in random order below are the accounting information of Al Dubai LLC Ltd as on 31 March 2020:
Net sales OMR 1,000,000
Trade receivables OMR 180,000
Trade payables OMR 120,000
Building OMR 300,000
Equity Share capital (200,000 shares @OMR 1 each) 0MR 200,000
Bank loan OMR 150,000
Inventories 0MR 60,000
Cash and cash equivalents OMR 90,000
Reserves OMR 180,000
Intangible assets OMR 120,000
Share premium 0MR 90,000.
Equipment OMR 120,000
Retained earnings OMR 150,000.
Deferred tax liability OMR 150,000
Non-current portion of term loans OMR 60,000
a. Calculate the total amount of assets as on 31 March 2020.
b. Calculate the total amount of liabilities as on 31 March 2020.
C. Calculate the amount of Net assets per share as on 31 March 2020.
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