Question: Danilo ltd has established a linear relationship between its sales revenue and the balance sheet items as follows: Balance Sheet as at 31 December, 2022.

Danilo ltd has established a linear relationship between its sales revenue and the balance sheet items as follows: Balance Sheet as at 31 December, 2022. 2022 Ksh 000 % of sales Property, Plant & Equipment 382,500 30% Current assets 318,750 Current liabilities 280,500 Long-term debt 200,000 Share Capital 212,000

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