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please answer asap (within 30 minutes please) Ali Enterprise Statement of Comprehensive Income for the year ended 30 June 2019 Total Current Asset 126,000 304,500
please answer asap (within 30 minutes please)
Ali Enterprise Statement of Comprehensive Income for the year ended 30 June 2019 Total Current Asset 126,000 304,500 RM Owner Equity Sales 500,000 Common stock 74,000 Cost of goods sold (150,000) Retained earnings 49.100 Gross profit 350,000 Total owner equity 123,100 Operating expenses (85.000) Current Liabilities Depreciation (17,000) Account payable 55.000 248.000 Notes payable 69,600 Earnings before interest and taxes (EBIT) Interest (10,000) 124,600 Earnings before tax (EBT) Tax Non-Current Liabilities 238,000 (18,000) Long term debt 56,800 Net Income 220,000 Total Owner Equity and Liabilities 304,500 Current ratio Industry 1.7 x Quick ratio 0.6 x Ali Enterprise Statement of Financial Position as at 30 June 2019 RM Inventory turnover 2.1 x RM Non-Current Asset Land Debt ratio Net profit margin 57% 39% 64,500 Building 114,000 Assuming a year with 360 days. Total Non-Current Asset 178,500 You are required to calculate the above ratio for Ali Enterprise for year 2019. Current Asset Cash 3,000 [15 marks] Account receivable 31,000 Inventory 92,000Step by Step Solution
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