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The balance sheet of Daoud Company as of December 31/12/2020: Assets Liabilities and Equity Current Assets 50000 Current Liabilities 40000 Fixed Assets 40000 Long-Term Liabilities
The balance sheet of Daoud Company as of December 31/12/2020: Assets Liabilities and Equity Current Assets 50000 Current Liabilities 40000 Fixed Assets 40000 Long-Term Liabilities 5000 Total Assets 90000 Equity 45000 Total Liabilities and Equity 90000 The company achieves a return on current assets 3% and fixed assets 8%. The company increases its current assets by 5000 JOD, resulting in a decrease in fixed assets in the same amount. . Calculate the total profits for the company's assets before and after the change in the level of assets
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