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

CAM Restaurant PLC USD USD Cash Stockholders' equity Accounts receivable Long-term debt Inventory Total current liabilities Total current assets Total liabilities Fixed assets Total assets Total liabilities & equity (11 marks) Answer to question 3 (continue) Workings: (9 marks)