QAnalysisof Financial Statement:.The Balance SheetofDecent Limiledon December 131, 2017Assets$60,000CashMarketable SecuritiesAccount seceivableMerchandise inventoryLandOFFICE equiment (Net)90,000150,000100,000250,000350,000Total Assets$1,000,000EquitesNoles payableReat payableAccounts payableBonds payableShare Capital ($10)Share premiumRetained EarningsGeneral Reservě9 90,00060,000So,000100,000400,000100,000150,00050,000Total Equities$1,000,000 Duringearned a gOs2017, the Compainy$900,00thegross prepiton Sales of .Receivable inventory andrelaitivelyす$1:500,0000. Accountsplant assetremained Constant _durirgthe year . Fxom thiscompute the Dellaving:-inpormationCurrent RaTioAcid Test RatioDebt RatioEqjui ty RatioAccounts ReceivableInventory tusn overDays in Operating CycleBook ValueTurn OverperShare.Net Credit Sales for the year$ 1ş00,000 and Cost af goods sddfor the year is $900,000isRequired-Prepare a classiried balameSheet in' good mied balanceYay Compuitingmissing values.

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Q Analysis of Financial Statement: The Balance Sheet Decent Limiled of December, 31 , 2017 on Assets $60,000 Cash Marketable Securities Account seceivable Merchandise inventory Land OFFICE ap uiment lNet 90,000 150,000 100, 000 250,000 350,000 Total Assets $1,000,000 Equites Noles payable Reat payable Accounts payable Bonds payable Shore Capital ($10) Share premium Retained Eanings General Reserve q 90,000 60,000 SO,000 100,000 400,000 100,000 I50,000 50,000 Total Equities $1,000,000

Q Analysis of Financial Statement: The Balance Sheet Decent Limiled of December, 31 , 2017 on Assets $60,000 Cash Marketable Securities Account seceivable Merchandise inventory Land OFFICE ap uiment lNet 90,000 150,000 100, 000 250,000 350,000 Total Assets $1,000,000 Equites Noles payable Reat payable Accounts payable Bonds payable Shore Capital ($10) Share premium Retained Eanings General Reserve q 90,000 60,000 SO,000 100,000 400,000 100,000 I50,000 50,000 Total Equities $1,000,000

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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