Question
Q5- Financial Control (15 Pt) JKS Corporations status was reported as the following (in thousands of dollars) as of December 31, 2020: ASSETS: cash of
Q5- Financial Control (15 Pt) JKS Corporations status was reported as the following (in thousands of dollars) as of December 31, 2020: ASSETS: cash of $300; accounts receivable of $400; inventory of $320; net plant and equipment of $800. LIABILITIES AND STOCKHOLDERS EQUITY: accounts payable of $240; notes payable of $400; long term debt of $416; and the remaining amount is accounted as stockholders equity. The cost of goods sold in 2020 was $704. (a) (9pt) Prepare a balance sheet as of 31/12/2020 with the information provided. (b) (6pt) Calculate Current ratio, Debt to Assets ratio, and Inventory Turnover rate.
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