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Q3D (20 Marks) Balance Sheet as 31st December 2019 Current Assets Current Liabilities Cash 48,510 Accounts Payable 54,840 Accounts Receivables 30,470 Notes Payable 21,600 Inventory
Q3D (20 Marks)
Balance Sheet as 31st December 2019
Current Assets
Current Liabilities
Cash
48,510
Accounts Payable
54,840
Accounts Receivables
30,470
Notes Payable
21,600
Inventory
54,310
Others
31,106
Total
133,290
Total
107,546
Fixed Assets
Long Term Debt
190,000
Plant & Equipment
731,468
Owners Equity
80,000
Retained Earnings
487,212
Total
567,212
Total Assets
864,758
Total Liabilities + OE
864,758
Income Statement
Sales
733,992
Cost of Goods sold
506,244
Depreciation
64,440
EBIT
163,308
Interest Paid
28,600
Taxable Income
134,708
Taxes 35%
47,148
Net Income
87,560
Dividends
40,000
Addition to Retained Earnings
47,560
Quick ratio?
Inventory turnover ratio?
Return on Assets?
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Applying IFRS Standards
Authors: Ruth Picker, Kerry Clark, John Dunn, David Kolitz, Gilad Livne, Jance Loftus, Leo Van Der Tas
4th Edition
1119159229, 9781119159223
