The following data for Al-Taif Company on 12/31/2018 trading ratio 3, quick ratio 2, asset turnover 5 3, per share ratio 22000, total liabilities to equity 77%, book value 87000, collection period 8 days, fixed asset turnover 6, net Profit 1980000 second data Spectrum company on 12/31/2019 trading ratio 3, quick ratio 2, asset turnover 3.5, earnings per share 22000, total liabilities to equity 77%, book value 87000. Collection period 8 days, fixed assets turnover 6, net profit: increased by 60% over the previous year Required: preparing the balance sheet for 2018 and 2019
The following data for Al-Taif Company on 12/31/2018 trading ratio 3, quick ratio 2, asset turnover 5 3, per share ratio 22000, total liabilities to equity 77%, book value 87000, collection period 8 days, fixed asset turnover 6, net Profit 1980000 second data Spectrum company on 12/31/2019 trading ratio 3, quick ratio 2, asset turnover 3.5, earnings per share 22000, total liabilities to equity 77%, book value 87000. Collection period 8 days, fixed assets turnover 6, net profit: increased by 60% over the previous year Required: preparing the balance sheet for 2018 and 2019
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:The following data for Al-Taif Company on 12/31/2018 trading ratio 3, quick
ratio 2, asset turnover 5 3, per share ratio 22000, total liabilities to equity
77%, book value 87000, collection period 8 days, fixed asset turnover 6, net
Profit 1980000 second data Spectrum company on 12/31/2019 trading ratio
3, quick ratio 2, asset turnover 3.5, earnings per share 22000, total liabilities
to equity 77%, book value 87000. Collection period 8 days, fixed assets
turnover 6, net profit: increased by 60% over the previous year Required:
preparing the balance sheet for 2018 and 2019
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