Question: Question 6: The following Balance Sheet data is presented by Hinoon Ltd. having some missing figures. Cash 60,000 Current Liabilities ? Accounts Receivable ? Non-Current

Question 6: The following Balance Sheet data is presented by Hinoon Ltd. having some missing figures.

Cash

60,000

Current Liabilities

?

Accounts Receivable

?

Non-Current Liabilities

?

Merchandise

?

Total Liabilities

?

Current Assets

300,000

Fixed Assets

?

Shareholder's Equity

450,000

Total Assets

?

Total Equities

?

Other Information:

Debt Ratio= 0.40:1, Current Ratio = 3:1, Quick Ratio = 2:1

REQUIRED:

Compute these missing figures and prepare the Balance Sheet:

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

love it again sage 50 chapter 4 100 1800 LOVE IT AGAIN - GENERAL LEDGER SETUP 113 It Again 4-A Charity Bivd Toronto, ON M4G 2T2 MEMO #6 Date : From : September 30, 2023 Jeremy Fischer Re : Final...

Q:

Question 6: The following Balance Sheet data is presented by Hinoon Ltd. having some missing figures. (5 marks) 2 ? ? 450 Cash 60,0 Current Liabilities Accounts Receivable ? Non-Current Liabilities...

Q:

Q37. The following Balance Sheet data is presented by Hi Noon Ltd. having some missing figures. Cash ? Current Liabilities 50,000 Accounts Receivable ? Non-Current Liabilities ? Merchandise ? Total...

Q:

1. *****I only need to know #11 Times interest earned !!! 2. 3. 4. 4 Homework Questions, Help !!! Suppose selected financial data of Target and Wal-Mart for 2020 are presented here (in millions)....

Q:

all of 14.5A please and thank you. P14.5A (LO 3) Writing Suppose selected financial data of Target and Wal-Mart for 2020 are presented here (in millions). Compute selected ratios, and compare...

Q:

please show the work !!! thank you Problem 18-05A a Suppose selected financial data of Target and Wal-Mart for 2020 are presented here (in millions). Target Wal-Mart Corporation Stores, Inc. Income...

Q:

You are the sole shareholder and operator of a small incorporated business that purchases compact global positioning devices and sells them to retailers. You started your business two years ago. The...

Q:

Question ( 3 0 marks ) The bookkeeper for Village Corp has prepared the following balance sheet as at December 3 1 , 2 0 2 4 : Village Corp Balance Sheet December 3 1 , 2 0 2 4 Cash $ 9 3 , 0 0 0...

Q:

H. Equipment costing $8,000 will be purchased and paid for at the beginning of January. All equipment is depreciated on a straight-line basis over 15 years with no residual value. I. You pay salaries...

Q:

Master Budget Problem: You are the sole shareholder and operator of a small incorporated business that purchases compact global positioning devices and sells them to retailers. You started your...

Q:

Question #1: Question #2: Question #3: Question #4 Seperate Question: The following are comparative balance sheet data for Knowl Corporation for the years 2011 and 2010. Cash: (2011) - 3,600; (2010)...

Q:

Find an argumentative editorial published in a piece of daily news within the past month. Restate the arguments in the form of syllogisms or enthymemes. Analyze these arguments. Show why they are or...

Q:

1- Based on the assessment, summarize what motivates you. How could this knowledge help you in the workplace? How could knowing this about other people be beneficial? 2 - This instrument is developed...

Q:

What would be considered property qualifying for non - recognition treatment with respect to partnership interest

Q:

A company is preparing completing their Cash Budget. The following data has been prepared for cash receipts and payments. January February March Cash receipts $1,061,200 $1,182,400 $1,091,700 Cash...