Question: based upon the above information, complete the following balance sheet for paper industires Q-2: Selected ratios for Paper Industries are Gross profit ( 20 of

based upon the above information, complete the following balance sheet for

based upon the above information, complete the following balance sheet for paper industires

Q-2: Selected ratios for Paper Industries are Gross profit ( \20 of sale) Shareholder's equity Credit sale to total sale Total asset turnover Inventory turnover Average collection period (360 days in year) Current ratio Rs. 60,000 50,000 \80 3 times 8 times 18 days 1.6 Long term debt to equity \40 Based upon the information above, complete the following balance sheet for Paper industries: Cash Account receivable Inventory Fixed assets Total assets Current liabilities Long term debt Total debt Shareholder's equity Total equities

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