Example (4): Find the value of sales from the following information. 1- Ordinary shares 600 dinars 2- The ratio of current assets to equity is 70% 3- The quick ratio is 2.3 times 4- The turnover ratio Is 2.5 times 5- Liabilities to Equity Ratio 95%

Example (4): Find the value of sales from the following information. 1- Ordinary shares 600 dinars 2- The ratio of current assets to equity is 70% 3- The quick ratio is 2.3 times 4- The turnover ratio Is 2.5 times 5- Liabilities to Equity Ratio 95%

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 56P: The following selected information is taken from the financial statements of Arnn Company for its...

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:Example (4): Find the value of sales from the following information.
1- Ordinary shares 600 dinars
2- The ratio of current assets to equity is 70%
3- The quick ratio is 2.3 times
4- The turnover ratio Is 2.5 times
5- Liabilities to Equity Ratio 95%
6- Inventory turnover 28 times
7.Retained earnings 400 dinars

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