Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Note: Please use these laws in the solution *Current ratio = Current Assets/ current liabilities *Debt Ratio = Total liabilities/Total Assets *Quick Ratio = Current

image text in transcribed
Note:

Please use these laws in the solution

*Current ratio = Current Assets/ current liabilities

*Debt Ratio = Total liabilities/Total Assets

*Quick Ratio = Current Assets - inventories\ current liabilities

*Equity Multiplier = Current Assets/ Total shareholder equity

Debt to equity ratio = Total liabilities/Total shareholder equity

N.Maha Shop Balance Sheet As of December, 2020 Assets Q2. Given the following balance sheet for (Al-Maha shop). you are required to a Calculate the following ratios for the (Al-Maha shop) 7.00 25.000 3.000 3.000 1.000 . * Current ratio - Debt ratio Current Act Cash Bank Cash Supplies Prepaid insurance Trade Receivable Total Current Assets Non Ourent Assets Apartment Intangible Asset Office Furniture Total non-currentes Total Assets Lab Current Accounts Payabile Interest Payable Wages web Salary Payable Total Care Non Current Liabilities Finance Bonde Total Care 65.000 5.700 16.000 700 L.600 Quick ratio * Equity multiplier Debt to equity ratio 1,600 10.000 21100 7.00 ity Ce Net Les Draw Tuta 12.000 16.00

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

Step: 3

blur-text-image

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

Wiley CPAexcel Exam Review 2016 Study Guide January Auditing And Attestation

Authors: O. Ray Whittington

1st Edition

1119119960, 978-1119119968

More Books

Students also viewed these Accounting questions