Using the data set below, create the company's balance sheet and income statement according to generally...

 

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Using the data set below, create the company's balance sheet and income statement according to generally accepted accounting standards. Provide brief information about the financial situation of the company by calculating the financial ratios you deem necessary. Mr. RAM's LLC Vehicles 100.000 Sellers (Suppliers) 130.000 Domestic Sales 450.000 Long Term Payables to Shareholders 150.000 Cash and Cash Equivalents 10.000 Net Period Profit 30.000 Cost of Goods Sold 370.000 Short Term Bank Credits 70.000 Capital 200.000 Finished Goods 100.000 Buyers (Customers) 300.000 Short Term Notes Payables 50.000 Short Term Notes Receivables 100.000 Financial Expenses 50.000 Long Term Bank Credits 30.000 Advances Given for Purchases 50.000 Using the data set below, create the company's balance sheet and income statement according to generally accepted accounting standards. Provide brief information about the financial situation of the company by calculating the financial ratios you deem necessary. Mr. RAM's LLC Vehicles 100.000 Sellers (Suppliers) 130.000 Domestic Sales 450.000 Long Term Payables to Shareholders 150.000 Cash and Cash Equivalents 10.000 Net Period Profit 30.000 Cost of Goods Sold 370.000 Short Term Bank Credits 70.000 Capital 200.000 Finished Goods 100.000 Buyers (Customers) 300.000 Short Term Notes Payables 50.000 Short Term Notes Receivables 100.000 Financial Expenses 50.000 Long Term Bank Credits 30.000 Advances Given for Purchases 50.000

Answer rating: 100% (QA)

INCOME STATEMENT PARTICULARS AMOUNT REVENUE DOMESTIC SALES 450000 EXPENSES COGS ... View the full answer