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Question No: 01 This is a subjective question, hence you have to write your answer in the Text-Field given below. A company shows the following
Question No: 01 This is a subjective question, hence you have to write your answer in the Text-Field given below. A company shows the following financial indicators on its balance sheet: Acid-test Ratio. 1; Debt-stockholders' equity ratio, 0.5, Day's sales outstanding in Account Receivable, 18 days, there are 360 days in a year: Total asset turnover ratio (sales average total asset). 4: Gross profit margin, 20% Inventory tumover ratio, 6. Complete the following balance sheet [10] Contributed capital (equity) Retained earnings Current liabilities Total liabilities and stockholders equity 80,000 20,000 2 ? Non-current assets Inventories Account Receivable Cash Total Assets ? 2 2
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