Question

Given the following information for xyz company at the end of 2011, determining balances for the income statement and balance sheet
Net sales : 200000 12rs
Debotor's turnover ratio based on net sales : 2
Inventory turnover ratio : 1.25
Fixed assets turnover ratio : 0.8
Debt assets ratio : 0.6
Net profit margin : 5%
Gross profit margin: 25%
Return on investment :2%

Answer 1

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