From the following information presented by a firm for the year ended 31st December, prepare the Balance Sheet: Sales to Net Worth 5 Times Current Liabilities to Net Worth 50% Total Debts to Net Worth 60% Fixed Assets to Net Worth 60% Current Ratio 2 Sales to Stock 10Times Debtor's Velocity 9 Times Annual Sales Rs. 15,00,000 Cash Sales 40% of Sales
From the following information presented by a firm for the year ended 31st December, prepare the Balance Sheet: Sales to Net Worth 5 Times Current Liabilities to Net Worth 50% Total Debts to Net Worth 60% Fixed Assets to Net Worth 60% Current Ratio 2 Sales to Stock 10Times Debtor's Velocity 9 Times Annual Sales Rs. 15,00,000 Cash Sales 40% of Sales
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
From the following information presented by a firm for the year ended 31st December, prepare the
Sales to Net Worth
5 Times
Current Liabilities to Net Worth
50%
Total Debts to Net Worth
60%
Fixed Assets to Net Worth
60%
2
Sales to Stock
10Times
Debtor's Velocity
9 Times
Annual Sales
Rs. 15,00,000
Cash Sales
40% of Sales
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