Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 2 Statement of financial position Asset Non-current Assets ? Total Non-Current Assets ? Current Assets In Ventories ? Account Receivables ? Cash ? Total
Question 2
| Statement of financial position | ||||
| Asset | ||||
| Non-current Assets | ? | |||
| Total Non-Current Assets | ? | |||
| Current Assets | ||||
| In Ventories | ? | |||
| Account Receivables | ? | |||
| Cash | ? | |||
| Total Current Assets | ? | |||
| TOTAL ASSETS | 750000 | |||
| CAPITAL & LIABILITIES | ||||
| Capital & Reserves | ||||
| Ordinary Shares | ? | |||
| Retain Earnings | 243750 | |||
| TOTAL RESERVES | ? | |||
| Non-Current Liabilities | ||||
| long term loans | 150000 | |||
| 150000 | ||||
| Current Liabilities | ||||
| Accounts payable | ? | |||
| Total Current Liabilities | ? | |||
| Total Capital & Liabilities | ? | |||
| Sales | ? | |||
| Cost of Sales | ? | |||
Complete the statement of Financial Position and the sales information in the table that follows foe JADYZ Industries using the following data>
N.B.
All sales are on credit
| Debt Ratio | 60% |
| Current Ratio | 1.8 times |
| Total assets turnover | 1.5 times |
| Account Receivables | 10 times |
| Profit margin on sales | 25% |
| Inventory Turnover ratio | 5 times |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started