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Tools Window Help evision CO5117.pdf.pdf age 3 of 9 1 Q Q 1 2 . ' @ Q Search Question 2 Brisbane Ltd experienced a

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Tools Window Help evision CO5117.pdf.pdf age 3 of 9 1 Q Q 1 2 . ' @ Q Search Question 2 Brisbane Ltd experienced a flood on 30 June 2021 in which its financial records were partially destroyed. It has been able to salvage some of the records and has ascertained the following balances. 30 June 2021 1 July 2020 Accounts payable 100 000 180 000 Notes payable (non-current) 60 000 120 000 Ordinary shares, $100 each 800 000 800 000 Retained earnings 227 000 202 000 Cash $60 000 $20 000 Receivables (net) 145 000 252 000 Inventory 400 000 360 000 Additional information: (i) The return on assets is 12.5% (12.5 cents). (ii) Total assets at 30 June 2020 were $805 000. (iii) The inventory turnover is 3.6 times. (iv) The return on ordinary shareholders' equity is 22%. Brisbane Lid had no additional paid- up capital or reserves. CHICCuve calculators mileTandycity tire average wardssers. 509 AUG 23 MacBook Air SO Q DIL DD F3 E6 67 F10 F11 @ & 4 6 8 9 O W E R T Y U O P S D F G H K

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