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Total assets turnover Gross profit on sales Average collection period (assume 360 days in a year) Inventory turnover ratio based on COGS With the
Total assets turnover Gross profit on sales Average collection period (assume 360 days in a year) Inventory turnover ratio based on COGS With the given information, complete the balance sheet below: Total debt to Net worth 1:2 2 times 30% 40 days 3 times Acid test ratio 0.80 Liabilities Amount Assets Amount Equity Share capital 4,00,000 Fixed assets Reserve & Surplus 6,00,000 Inventory Current Liabilities Debtors Cash (Take assumption if necessary) [10]
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