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please solve the question provided in above picture Q-01 (PROPOSED TIME: MARKS: 10) Long term debt to Equity.. 0.5 to 1 Total asset turnover .2.5
please solve the question provided in above picture
Q-01 (PROPOSED TIME: MARKS: 10) Long term debt to Equity.. 0.5 to 1 Total asset turnover .2.5 times Average collection period. . 18 days (assume a 360 day year and all sales on credit) Inventory turnover. 9 times Gross profit. 10% Acid test ratio... 1:1 Cash... $ ? Account receivable ? ? Inventory.... Plant and equipment. Total Assets. Notes payable............ $100,000 Long term debt....? Share capital... 100,000 Retained earnings.. 100,000 Total Liabilities and equity Required: Use the above information, complete this balance sheetStep by Step Solution
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