Question: Please show step by step solution 8. (a) Discuss the limitations of financial statement analysis. (b) From the following particulars prepare the Balance Sheet of

Please show step by step solution

Please show step by step solution 8. (a) Discuss the limitations of

8. (a) Discuss the limitations of financial statement analysis. (b) From the following particulars prepare the Balance Sheet of Ehsan and Sons : Stock velocity 2 times Capital turnover 2 times Fixed assets turnover 4 Gross profit ratio 20% Debit collection period 2 months Creditors payment period 75 days ( 360 days a year) The gross profit was Tk. 6,000 and closing stock was Tk. 500 in excess of opening stock

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