Question

[Ans. Prop. Funds 3,00,000; Current Assets 1,75,000 (Stock * 60,000 + LA 1,15,000); Fixed
Assets * 2,25,000; Current Liabilities 1,00,000]
Q. 24. Using the following data, compute the Balance Sheet below :
Gross profit
54,000
Shareholder's equity
6,00,000
Gross profit margin
20%
Credit sales to total sales
80%
Total assets turnover
0.3 times
Inventory turnover
4 times
Average collection period (a 360 days year)
20 days
Current ratio
1.8
Long term debt to equity
40%
Balance Sheet
........
Creditors
Long term debt
Cash
Debtors
Inventory
Fixed assets
Shareholder's equity
.....
XXXX
XXXX
​

Answer 1

Answer:

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