Question

5. The financial analyst of Wojjo Company has carried out an analysis and prepared the following quarter report. The following are the financial ratios of the firm Debt - asset ratio = 0.5 Quick ratio 0.8 Total asset turn over 1.5 Inventory turnover ratio = 5 times days sales outstanding = 36 days gross profit margin 0.25 → The total assets consisting of cash, accounts receivable, inventories and fixed assets is birr 300,000. The long term debt and retained earnings of the firm are birr b 60,000 and birr 97,500, respectively. The liabilities of the company consisting of liability and long term debt The company issues only common stock Instruction: a) Prepare a statements of Financial Position (Balance sheet) b) Prepare Income statement

Answer 1

Answer:

dances financial positions instructions top common long-term dept the company issues the liabilities 6000 bar9 7,500 spector wali