Question

From the following information, you are required to prepair a balance sheets Current ratio 1.75Quick ratio 1.25
Stock turnover ratio (based on closing stock) 9times
Gross profit ratio 25%
Average collection period in months 1.5
Ratio of reserve to capital 0.2
Turn over of fixed assets 1.2
Debt - eqt 0.6
Fixed assets to networth 1.25
Sales for the year 2400000​

Answer 1

Answer:

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Explanation:

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