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You are requested to; a) Prepare common-size balance sheet b) Compare the position of the shareholders as on 31 March 2007 From the following data

You are requested to; a) Prepare common-size balance sheet b) Compare the position of the shareholders as on 31 March 2007 From the following data

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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Question 5: You are requested to; a) Prepare common-size balance sheet b) Compare the position of the shareholders as on 31st March 2007 From the following data Fixed Assets Inventories Receivables FSA Saturday Ltd FSA Monday Ltd (D) (D) 40,000 25,000 20,000 15,000 30,000 40,000 Loan (long-term) 20,000 Current Borrowings 10,000 Cash Capital Reserves 500,000 100,000 200,000 200,000 300,000 100,000 200,000 400,000
Transcribed Image Text:Question 5: You are requested to; a) Prepare common-size balance sheet b) Compare the position of the shareholders as on 31st March 2007 From the following data Fixed Assets Inventories Receivables FSA Saturday Ltd FSA Monday Ltd (D) (D) 40,000 25,000 20,000 15,000 30,000 40,000 Loan (long-term) 20,000 Current Borrowings 10,000 Cash Capital Reserves 500,000 100,000 200,000 200,000 300,000 100,000 200,000 400,000
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