Question

Using the information regarding to the financial ratio given below and complete the balance sheet.   M/S Khan Brothers Balance Sheet As on December 31, 2019 Assets Liabilities & Owner Equity Cash   Current Liabilities Receivables   Long Term Debt   Inventory   Total Debt  $   1400,000 Plant   Common Equity Total Assets   Total Claims     Quick Ratio 1.3, Total Asset Turnover 3, Inventory Turnover 9, total debt to net worth 1.4, Current Ratio 3.3, Average collection period is 20 days. Show all steps and working clearly​

Answer 1

Explanation:

Using the information regarding to the financial ratio given below and complete the balance sheet.   M/S Khan Brothers Balance Sheet As on December 31, 2019 Assets Liabilities & Owner Equity Cash   Current Liabilities Receivables   Long Term Debt   Inventory   Total Debt  $   1400,000 Plant   Common Equity Total Assets   Total Claims     Quick Ratio 1.3, Total Asset Turnover 3, Inventory Turnover 9, total debt to net worth 1.4, Current Ratio 3.3, Average collection period is 20 days. Show all steps and working clearly