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Table 1 : Auditied Balance Sheet for 2 0 1 8 YE For 2 0 1 9 , the unaudited balance sheet and income statement
Table : Auditied Balance Sheet for YE
For the unaudited balance sheet and income statement are presented in Tables and respectively.
Table : Unauditied Balance Sheet for YE
Table S: Unauditied Income Statement for YE
Upon analyzing the unautited financials, the auditors have found that the following events have not been
journalized:
Cash collection of $ of accounts receivables,
Sales of $ on accounts receivable of items with a cost of $
Cash payment of $ of accounts payables
Note that you should solve for the retained earnings based on fundarnental equation of accounting.
Note that you should solve for the retained earnings based on fundarnental equation of accounting.
Assume taxes have not been affected by this adjustment. Refer to SM# to see the journal entries for sale process. Mutlu Turizm has journalized the respective events, and published its audited financial statements. Based on the audited financial statements, calculate following ratios for the year Note that you should not enter percent values,
eg if you find you should input not Q Total asset turnover.
Q Working capital turnover. Q Quick ratio.
Q Cash conversion cycle.
Q Debttocapital ratio.
Q Financial leverage.
Q Gross profit margin.
Q Operating profit margin.
Q Return on assets.
Q Return on equity.
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