Q1. Using the information, complete the balance sheet.
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WRITE MY ESSAY| Long term debt to equity | 50% |
| Total assets turnover | 2.5 times |
| Average collection period* | 18 days |
| Inventory turnover | 9 times |
| Gross profit margin | 10% |
| Acid test ratio | 1 |
*Assume a 360 days year and all sales on credit.
| Assets | Rs. | Liabilities And Equity | Rs. |
| Cash | Notes And Payables | 100,000 | |
| Accounts Receivable | Long Term Debt | ||
| Inventory | Common Stock | 100,000 | |
| Plant And Equipment | Retained Earnings | 100,000 | |
| Total Assets | Total Liabilities And Equity |
Ans1.
Q2. ABC Company has the following balance sheet and income statement over the last year. (in thousands):
Q3
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