Question 5:One of your team members is struggling with preparation of balance sheet and he needs yourassistance in completing it. He has come up with following missing information. You are required tocomplete this Balance sheet.AssetsLiabilities & Equity$ 100,000 Current LiabilitiesCashReceivablesLong Tem DebtInventoryTotal DebtPlantCommon Equity$ 600,000Total AssetsTotal ClaimsAdditional Information:Current Ratio is 2.5 ; Average Collection Period is 54 days; Total Debt to Total Assets 40 percent; Total AssetTumoveris 2; Inventory Tumover 5.

Question 5: One of your team members is struggling with preparation of balance sheet and he needs your assistance in completing it. He has come up with following missing information. You are required to complete this Balance sheet. Assets Liabilities & Equity Cash $ 100,000 Current Liabilities Receivables Long Tem Debt Inventory | Total Debt Plant Common Equity $ 600,000 Total Assets Total Claims Additional Information: Current Ratio is 2.5 ; Average Collection Period is 54 days; Total Debt to Total Assets 40 percent; Total Asset Tumoveris 2 ; Inventory Tumover 5.

Question 5: One of your team members is struggling with preparation of balance sheet and he needs your assistance in completing it. He has come up with following missing information. You are required to complete this Balance sheet. Assets Liabilities & Equity Cash $ 100,000 Current Liabilities Receivables Long Tem Debt Inventory | Total Debt Plant Common Equity $ 600,000 Total Assets Total Claims Additional Information: Current Ratio is 2.5 ; Average Collection Period is 54 days; Total Debt to Total Assets 40 percent; Total Asset Tumoveris 2 ; Inventory Tumover 5.

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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2. Information: Prepaid insurance Accrued salaries Petty cash Investment in trading securities Total current assets Cash 200 150 1,200 4,560 600 Inventory, at sales value (cost = S1,500) 2,100 Unearned rent 40 Allowance for bad debts 150 Office supplies Accounts receivable 110 800 Required: Prepare the current asset section of the balance sheet. to
One of your team members is struggling with preparation of balance sheet and he needs your assistance in completing it. He has come up with following missing information. You are required to complete this Balance sheet. Assets Liabilities & Equity Cash $ 100,000 Current Liabilities Receivables Long Term Debt Inventory Total Debt Plant Common Equity $ 600,000 Total Assets Total Claims Additional Information: Current Ratio is 2.5 ; Average Collection Period is 54 days ; Total Debt to Total Assets 40 percent ; Total Asset Turnover is 2 ; Inventory Turnover 5.
Prepare trial balance from the given details.
One of your team members is struggling with preparation of balance sheet and he needs your assistance in completing it. He has come up with following missing information. You are required to complete this Balance sheet. Assets liabillities & Equity Cash $ 100,000 Current Liabillities Receivable Long term Debt --------- inventry Total Debt Plant ----------- Common Debt $ 600,000 Total Assets ------------- Total Claim ------------ Additional Information: Current Ratio = 2.5 Average Collection Period = 54 days Total Debt to Total Assets = 40% Total Asset Turnover = 2 Inventory Turnover = 5
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2. Which of the following on a Balance Sheet would cause concern for you? Use the sample Balance Sheet provided Notes & Comments Current Assets 10350 Bank Chequing $75,992 10857 Visa Credit Card -$226 12000 Accounts Receivable $21,296 13500 Inventory Assets $27,791 14990 Hold Backs -$275 Total Current Assets $124,578 Liabilities & Equity 20000 Accounts Payable $22,063 22100 Unapplied Cash $8,716 29300 Shareholder Loan $24,410 35600 Retained Earnings $52,416 Net Icome (Current Year) $16,873 Total Liabilities & Equity $124,478
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