Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 29 Marked out of 4.00 Not yet answered p Flag question The balance sheet of Raysut Cement Company SAOG for the year 2019 is

image text in transcribed
Question 29 Marked out of 4.00 Not yet answered p Flag question The balance sheet of Raysut Cement Company SAOG for the year 2019 is given below. Liabilities Amount Assets Amount (OMR) (OMR) Fixed Asset: Equity share capital 45,000 Capital Reserve Plant & 25,000 Machinery 29.000 Long term Hability Land & 37,000 Buildings 40.000 Current Furniture & Liability Fittings 21,000 Creditors Current 21,000 Asset: Bank Stock Overdraft 9,000 17.000 Debtors Outstanding expenses 13,000 17.000 Short term nvestment 9,000 Cash in hand 17.000 150,000 150,000 Based on the above information, calculate the following The debt to total funds ratio is The Networking capital is OMR: The Current ratio is The Quick ratio is

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

What is the expected dollar cost of the forward hedge? L012

Answered: 1 week ago