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From the following information, complete the Balance Sheet Equity 500,000, Current Liabilities to Total Debt Ratio 30%, Total Total Debt to Equity 70%, Asset Turnover Ratio 3 Times, Fixed Assets To Equity Ratio 70%, Inventory Tumover 6 Times, Collection period is 8 days. Net income 20% from sales, the number of issued ordinary shares is 100, noting that the current price of the share in the market is 60% greater than the book value of the share. 1 Add file cash amount Your answer

From the following information, complete the Balance Sheet Equity 500,000, Current Liabilities to Total Debt Ratio 30%, Total Total Debt to Equity 70%, Asset Turnover Ratio 3 Times, Fixed Assets To Equity Ratio 70%, Inventory Tumover 6 Times, Collection period is 8 days. Net income 20% from sales, the number of issued ordinary shares is 100, noting that the current price of the share in the market is 60% greater than the book value of the share. 1 Add file cash amount Your answer

FINANCIAL ACCOUNTING
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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From the following information, complete the Balance Sheet Equity 500,000, Current Liabilities to Total Debt Ratio 30%, Total Total Debt to Equity 70%, Asset Turnover Ratio 3 Times, Fixed Assets To Equity Ratio 70%, Inventory Tunover 6 Times, Collection period is 8 days. Net income 20% from sales, the number of issued ordinary shares is 100, noting that the current price of the share in the market is 60% greater than the book value of the share. 1 Add file cash amount Your answer Amount of debit accounts Your answer Amount of stock
Transcribed Image Text:From the following information, complete the Balance Sheet Equity 500,000, Current Liabilities to Total Debt Ratio 30%, Total Total Debt to Equity 70%, Asset Turnover Ratio 3 Times, Fixed Assets To Equity Ratio 70%, Inventory Tunover 6 Times, Collection period is 8 days. Net income 20% from sales, the number of issued ordinary shares is 100, noting that the current price of the share in the market is 60% greater than the book value of the share. 1 Add file cash amount Your answer Amount of debit accounts Your answer Amount of stock
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