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Qi (a) Given the following information, along with the partially completed balance sheet fill in the balance sheet. Assume a 360-day year. You are required
Qi (a) Given the following information, along with the partially completed balance sheet fill in the balance sheet. Assume a 360-day year. You are required to complete the missing figures. Debt equity ratio: 1.5 Average payment period: 45 days Quick ratio: 0.80 Annual credit purchase: RM 400,000 Total asset turnover: 1.6 Gross profit margin: 20% Inventory turnover: 4 XYZ Corporation Balance Sheet ASSET RM LIABLITY & EQUITY RM Cash 15,000 Account Payable Account Receivable Notes Payable 40,000 Inventory Accruals 10,000 Total Current Asset Total Current Liability Long term debt Fixed Asset Stockholder's equity 80,000 Total Asset Total liability and Stockholder's equity
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