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Question 5. a) Assume that company XYZ has owner's equity of $100,000. XYZ's financial ratios are as follows: Current debt to total debt 4:10 Total

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Question 5. a) Assume that company XYZ has owner's equity of $100,000. XYZ's financial ratios are as follows: Current debt to total debt 4:10 Total debt to owner's equity 6:10 Fixed Assets to owner's equity 6:10 Total Asset turnover 2 times Inventory turnover 8 times Use the information above to complete the balance sheet below Amounts(S) Amounts(S) Source/Liabilities Current Debt Long-term Debt Total-Debt Owner's Equity Total Liabilities Application/Assets Cash Inventory Total Current Assets Fixed Assets Total Assets (12 marks) b) Draw the organizational structure of a firm (5 marks) Most major firms have a treasure and contri performing Artificat duties as the duties of both these officers 13 marks)

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