1. Based on the following information:Trial balancetrade investmentEquitySaleSale allowancestrade payablesCosCAD$ 300,000.00$2,000,000.00$3,000,000.00$250,000.00$ 800,000.00$ 800,000.00long term debtCash$300,000.00salary advanceslow moving Inventory$$1,000,000.0070,000.00$ 300,000.00fast moving inventories$ 500,000.00Pre payment$ 500,000.00bad debtreceivablesnon current assetlong term investment$ (50,000.00)$ 400,000.00$2,000,000.00$ 450,000.00Accumulated Depreciation $ (800,000.00)Calculate the following ratios:a. Company working capitalb. Current ratioc. Quick ratiod. Inventory turnovere. Receivable turnoverf. Asset turn over

Due to multiple sub-parts only the first three are solved as per our guidelines.The company's…

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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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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

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