The incomplete financial statements of Jade Ltd are presented below. Additional information: 1. The receivables turnover for

Question:

The incomplete financial statements of Jade Ltd are presented below. 

Additional information:

1. The receivables turnover for the year ended 30 June 2016 is 10 times.

2. All sales are on account.

3. The profit margin for the year ended 30 June 2016 is 14.5%.

4. Return on assets is 22% (22 cents) for the year ended 30 June 2016.

5. The current ratio on 30 June 2016 is 3:1.

6. The inventory turnover for the year ended 30 June 2016 is 4.8 times  


Required

Calculate the missing information, given the ratios. Show your calculations.

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Related Book For  book-img-for-question

Financial Accounting Reporting Analysis And Decision Making

ISBN: 9780730313748

5th Edition

Authors: Shirley Carlon, Rosina Mladenovic Mcalpine, Chrisann Palm, Lorena Mitrione, Ngaire Kirk, Lily Wong

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