The following data for Al-Taif Company on 12/31/2018 trading ratio 3, quick ratio 2, asset turnover 5 3, per share ratio 22000, total liabilities to equity 77%, book value 87000, collection period 8 days, fixed asset turnover 6, net Profit 1980000 second data Spectrum company on 12/31/2019 trading ratio 3, quick ratio 2, asset turnover 3.5, earnings per share 22000, total liabilities to equity 77%, book value 87000. Collection period 8 days, fixed assets turnover 6, net profit: increased by 60% over the previous year Required: preparing the balance sheet for 2018 and 2019

The following data for Al-Taif Company on 12/31/2018 trading ratio 3, quick ratio 2, asset turnover 5 3, per share ratio 22000, total liabilities to equity 77%, book value 87000, collection period 8 days, fixed asset turnover 6, net Profit 1980000 second data Spectrum company on 12/31/2019 trading ratio 3, quick ratio 2, asset turnover 3.5, earnings per share 22000, total liabilities to equity 77%, book value 87000. Collection period 8 days, fixed assets turnover 6, net profit: increased by 60% over the previous year Required: preparing the balance sheet for 2018 and 2019

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 4PB

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