Question
Question 3 CAM Restaurant PLC is an US company. Please use the following information to complete the Statement of Financial Position of CAM Restaurant PLC
Question 3
CAM Restaurant PLC is an US company. Please use the following information to complete the Statement of Financial Position of CAM Restaurant PLC below. Please calculate to USD million with no decimal places and please show your calculation with workings.
(Total 20 marks)
Current ratio = 1.8 times
Credit sales = USD 2,100m
Average collection period = 10 days
Cost of goods sold = USD 945m
Inventory turnover = 8.1 times
Total asset = USD 1,900m
Debt ratio = 20 percent
Total Current liabilities = USD 750m
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
