Financial information of Moonta Corporation is given the following: Total Sales on Account900 000 Total Cash30 000

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Financial information of Moonta Corporation is given the following:

Total Sales on Account900 000

Total Cash30 000

Total non-current asset370 000

Net Profit Margin10%

Inventory Turnover4 times

Debt ratio40%

No. of days collection period73 days (based on 365 days)

Gross profit margin40%

Current ratio3:0:1

Requirement: Make an income statement and balance sheet with complete details and show all necessary computations

Related Book For answer-question

Financial Reporting Financial Statement Analysis and Valuation

ISBN: 978-0324302950

6th edition

Authors: Clyde P. Stickney

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Posted Date: May 13, 2024 06:29 AM

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Financial information of Moonta Corporation is given the following: Total Sales on Account900 000 Total Cash30 000

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Financial Reporting Financial Statement Analysis and Valuation

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