1. Based on the following information: Trial balance CAD trade investment $ 300,000.00 Equity $2,000,000.00 Sale $3,000,000.00 Sale allowances $ 250,000.00 trade payables $ 800,000.00 COS $ 800,000.00 long term debt Cash $ 300,000.00 $1,000,000.00 $ salary advance slow moving Inventory fast moving inventories Pre payment bad debt receivables non current asset long term investment 70,000.00 $ 300,000.00 $ 500,000.00 $ 500,000.00 $ (50,000.00) $ 400,000.00 $2,000,000.00 $ 450,000.00 Accumulated Depreciation $ (800,000.00) Calculate the following ratios: a. Company working capital b. Current ratio c. Quick ratio
1. Based on the following information: Trial balance CAD trade investment $ 300,000.00 Equity $2,000,000.00 Sale $3,000,000.00 Sale allowances $ 250,000.00 trade payables $ 800,000.00 COS $ 800,000.00 long term debt Cash $ 300,000.00 $1,000,000.00 $ salary advance slow moving Inventory fast moving inventories Pre payment bad debt receivables non current asset long term investment 70,000.00 $ 300,000.00 $ 500,000.00 $ 500,000.00 $ (50,000.00) $ 400,000.00 $2,000,000.00 $ 450,000.00 Accumulated Depreciation $ (800,000.00) Calculate the following ratios: a. Company working capital b. Current ratio c. Quick ratio
Chapter12: Capital Structure
Section: Chapter Questions
Problem 1PROB
Related questions
Question
![1. Based on the following information:
Trial balance
trade investment
Equity
Sale
Sale allowances
trade payables
Cos
CAD
$ 300,000.00
$2,000,000.00
$3,000,000.00
$
250,000.00
$ 800,000.00
$ 800,000.00
long term debt
Cash
$
300,000.00
salary advance
slow moving Inventory
$
$1,000,000.00
70,000.00
$ 300,000.00
fast moving inventories
$ 500,000.00
Pre payment
$ 500,000.00
bad debt
receivables
non current asset
long term investment
$ (50,000.00)
$ 400,000.00
$2,000,000.00
$ 450,000.00
Accumulated Depreciation $ (800,000.00)
Calculate the following ratios:
a. Company working capital
b. Current ratio
c. Quick ratio
d. Inventory turnover
e. Receivable turnover
f. Asset turn over](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Feaba8df6-460e-4501-ab6f-3bdbb0b74ac8%2Fa8d9f26a-7809-4df8-8087-cf174b010358%2Fdg7txuw_processed.jpeg&w=3840&q=75)
Transcribed Image Text:1. Based on the following information:
Trial balance
trade investment
Equity
Sale
Sale allowances
trade payables
Cos
CAD
$ 300,000.00
$2,000,000.00
$3,000,000.00
$
250,000.00
$ 800,000.00
$ 800,000.00
long term debt
Cash
$
300,000.00
salary advance
slow moving Inventory
$
$1,000,000.00
70,000.00
$ 300,000.00
fast moving inventories
$ 500,000.00
Pre payment
$ 500,000.00
bad debt
receivables
non current asset
long term investment
$ (50,000.00)
$ 400,000.00
$2,000,000.00
$ 450,000.00
Accumulated Depreciation $ (800,000.00)
Calculate the following ratios:
a. Company working capital
b. Current ratio
c. Quick ratio
d. Inventory turnover
e. Receivable turnover
f. Asset turn over
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps with 2 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
![EBK CFIN](https://www.bartleby.com/isbn_cover_images/9781337671743/9781337671743_smallCoverImage.jpg)
![EBK CFIN](https://www.bartleby.com/isbn_cover_images/9781337671743/9781337671743_smallCoverImage.jpg)