Example (4): Find the value of sales from the following information. 1- Ordinary shares 600 dinars 2- The ratio of current assets to equity is 70% 3- The quick ratio is 2.3 times 4- The turnover ratio Is 2.5 times 5- Liabilities to Equity Ratio 95%

Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter17: Financial Statement Analysis
Section: Chapter Questions
Problem 4PA: Measures of liquidity, solvency, and profitability The comparative financial statements of Marshall...
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:Example (4): Find the value of sales from the following information.
1- Ordinary shares 600 dinars
2- The ratio of current assets to equity is 70%
3- The quick ratio is 2.3 times
4- The turnover ratio Is 2.5 times
5- Liabilities to Equity Ratio 95%
6- Inventory turnover 28 times
7.Retained earnings 400 dinars
Transcribed Image Text::Example (4): Find the value of sales from the following information. 1- Ordinary shares 600 dinars 2- The ratio of current assets to equity is 70% 3- The quick ratio is 2.3 times 4- The turnover ratio Is 2.5 times 5- Liabilities to Equity Ratio 95% 6- Inventory turnover 28 times 7.Retained earnings 400 dinars
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