QUESTION 3 (15 marks) Using the following information, complete the balance presented below if all...

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QUESTION 3 (15 marks)  Using the following information, complete the balance presented below if all sales are on credit:  Net profit margin Acid-test ratio Trade receivables turnover time Long-term debt to equity Inventories turnover ratio Total asset turnover ratio Gross profit margin  3% 1:1 20 days 0, 5:1 9x (i.e. nine (9) times) 3,1x 20%  BALANCE SHEET as at 31st March XXXXXXXXXXR  Non-Current Assets  Property, plant and equipment (net) R    Current Assets  Inventories  Trade receivables  Cash    TOTAL ASSETS      Shareholders’ Equity  Ordinary shares issued  Accumulated profit    Non-Current Liabilities  Long-term debt    Current Liabilities  Trade payables    SHAREHOLDER’S EQUITY and TOTAL LIABILITIES
	
Document Preview: QUESTION 3	(15 marks)Using the following information, complete the balance presented below if all sales are on credit:Net profit margin Acid-test ratio Trade receivables turnover time Long-term debt to equity Inventories turnover ratio Total asset turnover ratio Gross profit margin3% 1:1 20 days 0, 5:1 9x (i.e. nine (9) times) 3,1x 20%BALANCE SHEET as at 31st March 2007RNon-Current Assets Property, plant and equipment (net) RCurrent Assets Inventories Trade receivables CashTOTAL ASSETSShareholders’ Equity Ordinary shares issued Accumulated profitNon-Current Liabilities Long-term debtCurrent Liabilities Trade payablesSHAREHOLDER’S EQUITY and TOTAL LIABILITIES

Robert · Accepted Answer

Ans. 
 
BALANCE SHEET as at 31st March 2007 
 
R 
 
NON CURRENT ASSETS 
Property,

QUESTION 3 (15 marks) Using the following information, complete the balance presented below if all sales are on credit: Net profit margin Acid-test ratio Trade receivables turnover time Long-term debt...

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