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You need to complete the following balance sheet using the below information (Please, use all given digits) Balance Sheet, Turki Company, December 31, 2019 Cash
- You need to complete the following balance sheet using the below information (Please, use all given digits)
Balance Sheet, Turki Company, December 31, 2019 | ||||
Cash | 4,500 | Accounts Payable | 3,000 |
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Accounts Receivable |
| Notes Payable |
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Inventory |
| Accruals | 1,000 |
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Total Current Assets |
| Total Current Liabilities |
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Net Fixed Assets |
| LongTerm Debt |
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| Stockholders Equity |
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Total Assets |
| Total Liabilities & Equity |
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ROE |
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1. | Sales totaled KD 340,000 |
2. | Net income margin is 10% |
3. | Inventory turnover is 11.3333 times |
4. | There are 365 days in the year |
5. | Average collection period is 3.7574 days |
6. | Current ratio is 3.3043 times |
7. | Asset turnover is 5 times |
8. | Equity multiplier is 1.863 |
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