Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following balances were extracted from the books of a Hill-Top Timbers, Sun City, after the Financial statements for the year ended 30th June 2020

The following balances were extracted from the books of a Hill-Top Timbers, Sun City, after the Financial statements for the year ended 30th June 2020 had been prepared: $ Motor van (net) 400,000 Plant and Machinery (net) 800,000 Inventory 430,000 Account receivables 340,000 Cash 170,000 Fixtures and Fittings 900,000 Net profit 400,000 Drawings 100,000 Account payables 380,000 Accrued rent 20,000 Telephone prepaid 40,000 Loan (repayment in six months) 50,000 Loan (Repayment in Three years) 70,000

1 What is the value of tangible non-current assets? 2 What is the value of current assets? 3 What is the value of net current asset? 4 What is the value of current liabilities? 5 What is the value on non-current liabilities 6 What is the value of working capital 7 What is the value of Capital Employed 8 What is the value of Capital of the owner?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

Provide easy-to-read identification badges and enforce their use.

Answered: 1 week ago

Question

the terms lf trade refect rhe

Answered: 1 week ago