TAKE HOME QUIZ #6 The data shows the performance of MG Brown Ltd. for December 31,...

 

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TAKE HOME QUIZ #6 The data shows the performance of MG Brown Ltd. for December 31, 2022. Compute the following requirements in a yellow sheet paper or bond paper. Available information 1. The company has 400,000 available cash on-hand 2. Inventory on Dec 31, 2022 is 600,000 3. 50% of the total merchandise sold is cash basis 4. Gross Profit by the end of the year is 3 million pesos 5. Record shows 100,000 shares outstanding 6. Non-current assets value is half of the total value of current assets A. Required: Construct the statement of financial position in good form. Construct the statement of comprehensive income in good form. ii. Days Sales Outstanding Gross Margin Equity Ratio Current Ratio Earnings per Share iii. iv. V. vi. vil. vill. Accounts Receivable Current Assets Current Liabilities 73 days 60% 40% 2.5x 8 Total Liabilities Sales Net Income Total Assets Total Equity Book value per share Additional instructions: In the first half of your paper write your answers to the required items (i-ix). Use the second half of your paper for the solutions and box your answer. Construct the required financial statements in the succeeding page/s TAKE HOME QUIZ #6 The data shows the performance of MG Brown Ltd. for December 31, 2022. Compute the following requirements in a yellow sheet paper or bond paper. Available information 1. The company has 400,000 available cash on-hand 2. Inventory on Dec 31, 2022 is 600,000 3. 50% of the total merchandise sold is cash basis 4. Gross Profit by the end of the year is 3 million pesos 5. Record shows 100,000 shares outstanding 6. Non-current assets value is half of the total value of current assets A. Required: Construct the statement of financial position in good form. Construct the statement of comprehensive income in good form. ii. Days Sales Outstanding Gross Margin Equity Ratio Current Ratio Earnings per Share iii. iv. V. vi. vil. vill. Accounts Receivable Current Assets Current Liabilities 73 days 60% 40% 2.5x 8 Total Liabilities Sales Net Income Total Assets Total Equity Book value per share Additional instructions: In the first half of your paper write your answers to the required items (i-ix). Use the second half of your paper for the solutions and box your answer. Construct the required financial statements in the succeeding page/s

Answer rating: 100% (QA)

Days Sales Outstanding Days Sales Outstanding DSO is a measure of the average number of days that a company takes to collect payment after a sale has ... View the full answer