Q14 Al Bawadi Grocery Materials LLC submitted the following Balance Sheet for the yearending 31 March, 2021:AssetsAmountLiabilitiesAmountCurrent AssetsCash in HandCash at BankAccounts ReceivablesStock of GoodsFixed AssetsLand & BuildingsCurrent Liabilities2,000Accounts PayableOutstanding SalariesNon-Current LiabilitiesSecured LoansUnsecured LoansNet worth/ CapitalEquity Share CapitalGeneral Reserves14,5004,0005,50020,00014,00035,00025,00060,000Plant & Machinery45,00060,000Furniture & Fittings15,00020,000Total Assets160,000Total Liabilities & Capital 160,000Calculate Solvency Ratio and Debt-Equity Ratio from the given Balance Sheet.

The solvency ratio is calculated to evaluate the position of the firm for finance on the basis of…

Al Bawadi Grocery Materials LLC submitted the following Balance Sheet for the year ending 31 March, 2021: Liabilities Current Liabilities Assets Amount Amount Current Assets Cash in Hand Cash at Bank Accounts Receivables Stock of Goods Fixed Assets 2,000 Accounts Payable 14,500 4,000 Outstanding Salaries 5,500 20,000 14,000 Non-Current Liabilities Secured Loans 35,000 Unsecured Loans Net worth/ Capital Equity Share Capital General Reserves 25,000 Land & Buildings Plant& Machinery Furniture & Fittings 60,000 45,000 60,000 15,000 20,000 Total Assets 160,000 Total Liabilities & Capital 160,000 Calculate Solvency Ratio and Debt-Equity Ratio from the given Balance Sheet.

Al Bawadi Grocery Materials LLC submitted the following Balance Sheet for the year ending 31 March, 2021: Liabilities Current Liabilities Assets Amount Amount Current Assets Cash in Hand Cash at Bank Accounts Receivables Stock of Goods Fixed Assets 2,000 Accounts Payable 14,500 4,000 Outstanding Salaries 5,500 20,000 14,000 Non-Current Liabilities Secured Loans 35,000 Unsecured Loans Net worth/ Capital Equity Share Capital General Reserves 25,000 Land & Buildings Plant& Machinery Furniture & Fittings 60,000 45,000 60,000 15,000 20,000 Total Assets 160,000 Total Liabilities & Capital 160,000 Calculate Solvency Ratio and Debt-Equity Ratio from the given Balance Sheet.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 10P: Comprehensive: Balance Sheet from Statement of Cash Flows Mills Company prepared the following...

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