Question: Electric Vehicle Battery (EVB) Use the data below to answer the questions. The projected assets, liabilities, and equity of Battery for Life Ltd as of
Electric Vehicle Battery (EVB) Use the data below to answer the questions. The projected assets, liabilities, and equity of Battery for Life Ltd as of 30 June 2022 are as follows: Table 2B Accounts Amount ($) Accounts receivable 4,680,000 Accounts payable 5,200,000 Bank 950,000 Capital 15,000,000 Dividends paid 650,000 Equipment 12,000,000 Fixtures 2,500,000 GST Collected 800,000 GST Paid 350,000 Inventory 1,950,000 Land and Buildings 28,000,000 Mortgage 27,000,000 Round your final answers to two decimal places. Do not insert units, dollar signs ($), percentage signs (%), spaces, brackets ( ) and commas (,) in your final answer. What is the total of current assets? Insert your final answer here: 7580000 Write the amount of the total assets. Insert your final answer here: 50080000 Write the total liabilities amount. Insert your final answer here: 32650000 Calculate net assets. Insert your final answer here: 17430000 What is the total owners' equity? Insert your final answer here: 17430000 Calculate the current ratio. Insert your final answer here: 0.18 Calculate the debt ratio, in percentage terms, for EVB in 2022. Insert your final answer here
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