Using the following data, complete the balance sheet given below: Gross profit. Rs.54,000 Shareholders fund Rs.600,000 Gross profit margin. 20% Credit sale to Total sales. 80% Total assets turnover. 0.3 times Inventory turnover. 4times Average collection period. 20 days ( a 360 days year) Current ratio. 1.8 Long-term debt to equity. 40% BALANCE SHEET Question Q. Using the following data, complete the balance sheet given below: Gross profit. Rs.54,000 Shareholders fund Rs.600,000 Gross profit margin. 20% Credit sale to Total sales. 80% Total assets turnover. 0.3 times Inventory turnover. 4times Average collection period. 20 days ( a 360 days year) Current ratio. 1.8 Long-term debt to equity. 40% BALANCE SHEET Creditors. ? Cash ? Long term debt. ? Debtors. ? Shareholders fund. ? Inventory. ? Fixed asset. ? Total equity. Total assets
Using the following data, complete the balance sheet given below: Gross profit. Rs.54,000 Shareholders fund Rs.600,000 Gross profit margin. 20% Credit sale to Total sales. 80% Total assets turnover. 0.3 times Inventory turnover. 4times Average collection period. 20 days ( a 360 days year) Current ratio. 1.8 Long-term debt to equity. 40% BALANCE SHEET Question Q. Using the following data, complete the balance sheet given below: Gross profit. Rs.54,000 Shareholders fund Rs.600,000 Gross profit margin. 20% Credit sale to Total sales. 80% Total assets turnover. 0.3 times Inventory turnover. 4times Average collection period. 20 days ( a 360 days year) Current ratio. 1.8 Long-term debt to equity. 40% BALANCE SHEET Creditors. ? Cash ? Long term debt. ? Debtors. ? Shareholders fund. ? Inventory. ? Fixed asset. ? Total equity. Total assets
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 2P
Related questions
Question
. Using the following data, complete the balance sheet given below: Gross profit. Rs.54,000 Shareholders fund Rs.600,000 Gross profit margin. 20% Credit sale to Total sales. 80% Total assets turnover. 0.3 times Inventory turnover. 4times Average collection period. 20 days ( a 360 days year) Current ratio . 1.8 Long-term debt to equity. 40% BALANCE SHEET
Question
Q. Using the following data, complete the balance sheet given below:
Gross profit. Rs.54,000
Shareholders fund Rs.600,000
Gross profit margin. 20%
Credit sale to Total sales. 80%
Total assets turnover. 0.3 times
Inventory turnover. 4times
Average collection period. 20 days ( a 360 days year)
Current ratio. 1.8
Long-term debt to equity. 40%
BALANCE SHEET
Creditors. ? Cash ?
Long term debt. ? Debtors. ?
Shareholders fund. ? Inventory. ?
Fixed asset. ?
Total equity. Total assets
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT