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You have been given the financial statements of private company Greek Diamond Logistics December 31/12/202X (figures are in euros): Balance Sheet Greek Diamond Logistics as
You have been given the financial statements of private company "Greek Diamond Logistics" December 31/12/202X (figures are in euros): Balance Sheet "Greek Diamond Logistics" as at December 31, 202X Assets Cash & cash equivalents 120,000 Debtors Inventory ? Current Assets ? Land, Plant & Equipment 205,000 Noncurrent Assets ? Total Assets ? Liabilities & Stockholders' Equity Creditors ? Other short-term liabilities ? Total Current Liabilities ? Long-term debt ? Total Noncurrent Liabilities ? Total Liabilities ? Common stock ? Retained earnings ? Stockholders' Equity ? Total Liabilities & Stockholders' Equity 575,000 Income statement "Greek Diamond Logistics" as at December 31, 202X Total revenue ? Cost of sales ? Gross profit 145,000 ( SG&A ? EBIT ? 0 (+) Interest revenue (-) Interest expense 15,000 ? (-) Taxes ? Net income ? . Also, the following information is provided for the company "Greek Diamond Logistics" at the end of the accounting period (figures are in euro): Stockholders' equity to Total liabilities ratio = 1.5 Creditors are 4 times greater in value to Other short-term liabilities Inventory turnover (calculating with sales) = sales /inventory = 46 Interest coverage = 6 Inventory turnover (calculating with cost of sales) = sales / cost of sales = 17 Current ratio = 4 Using the information that there is no taxation and dividends' decision: A. Calculate the missing values in question marks (with available data & ratios) and fill the above balance sheet and income statement (30%)
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