Compile a balance sheet of Perdana Sdn. Bhd from the following informatio • Stock 573,000 Debtor/ WIP/ inventories 2,000 • Properties 12,000 • Plant and machinery 2,000,000 • Vehicle 6,000 • Cash 100,000 • Office equipment 3,000 Loan 1,500,000 • Overdraft 4,000 • Creditors 3,000 • Other equity 43,000 What is the company's total asset? Calculate the company's current ratio? Determine and discuss is the firm's acid test ratio?

Compile a balance sheet of Perdana Sdn. Bhd from the following informatio • Stock 573,000 Debtor/ WIP/ inventories 2,000 • Properties 12,000 • Plant and machinery 2,000,000 • Vehicle 6,000 • Cash 100,000 • Office equipment 3,000 Loan 1,500,000 • Overdraft 4,000 • Creditors 3,000 • Other equity 43,000 What is the company's total asset? Calculate the company's current ratio? Determine and discuss is the firm's acid test 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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Privett Company Accounts payable $30,000 Accounts receivable 35,000 Accrued liabilities 7,000 Cash 25,000 Intangible assets 40,000 Inventory 72,000 Long-term investments 100,000 Long-term liabilities 75,000 Marketable securities 36,000 Notes payable (short-term) 20,000 Property, plant, and equipment 400,000 Prepaid expenses 2,000 Based on the data for Privett Company, what is the quick ratio, rounded to one decimal point? Oa. 1.0 Ob. 1.1 Ос. 17 Od. 2.9 MacBook Air
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