Question: Question 6: The following Balance Sheet data is presented by Hinoon Ltd. having some missing figures. (5 marks) 2 ? ? 450 Cash 60,0 Current
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 Merchandise ? Total Liabilities Current Assets 300, Fixed Assets 2 Shareholder's Equity Total Assets 2 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: 2
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