Question
Question 6: The following Balance Sheet data is presented by Hinoon Ltd. having some missing figures. Cash 60,000 Current Liabilities ? Accounts Receivable ? Non-Current
Question 6: The following Balance Sheet data is presented by Hinoon Ltd. having some missing figures.
| Cash | 60,000 | Current Liabilities | ? |
| Accounts Receivable | ? | Non-Current Liabilities | ? |
| Merchandise | ? | Total Liabilities | ? |
| Current Assets | 300,000 |
|
|
| Fixed Assets | ? | Shareholder's Equity | 450,000 |
| Total Assets | ? | Total Equities | ? |
Other Information:
Debt Ratio= 0.40:1, Current Ratio = 3:1, Quick Ratio = 2:1
REQUIRED:
Compute these missing figures and prepare the Balance Sheet:
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The Concise Guide To Mergers Acquisitions And Divestitures Business Legal Finance Accounting Tax And Process Aspects
Authors: R. Brown
1st Edition
0230600786,0230608949
