Question: 5) Given the following information, along with the particularly completed balance sheet, fill in the balance sheet for Cherry Ltd. Assume a 360-day year. Average

5) Given the following information, along with the particularly completed balance sheet, fill in the balance sheet for Cherry Ltd. Assume a 360-day year. Average payment period = 55 days Quick ratio = 0.95 Annual credit purchase = Tk. 4,50,000 Total asset turnover = 1.9 Gross profit margin = 30% Inventory turnover = 5 Cherry Ltd Balance Sheet as on 31 December, 2020 Assets in Taka) Liabilities & owners' Equity (in Taka) 25,000 Cash Accounts receivable Inventory Non-current assets Accounts payable Notes payable Accruals Non-current debts Shareholder's equity 40,000 20,000 150,000 1,00,000 Total Total
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