The following information is from DHK Limited's financial statements for the year 2022: Sales to total assets.....................2 times. Total debts to assets................... 30% Current ratio............ . 3 times Inventory turnover...... 5 times Average collection period..…...........181 days Sales (all on credit) ...... ...TZS 400,000,000 Non- current assets turnove..............5 times Number of days in a yea...............360 days Required: Construct DHK Limited's Statement of Financial Position in the following form: TZS TZS Cash Current debts Accounts receivables Non - current debts Inventory Total debts Total current assets Equity Non - current assets Total assets Total debts and equity

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The following information is from DHK Limited's financial statements for the year 2022: Sales
to total assets......................2 times Total debts to assets.....................30% Current
ratio...............
3 times Inventory turnove........................5 times Average collection
period... 18 days Sales (all on credit)
.TZS 400,000,000 Non-
current assets turnover.…............5 times Number of days in a yea............... 360 days Required:
Construct DHK Limited's Statement of Financial Position in the following form: TZS TZS Cash
Current debts Accounts receivables Non - current debts Inventory Total debts Total current
assets Equity Non - current assets Total assets Total debts and equity
Transcribed Image Text:The following information is from DHK Limited's financial statements for the year 2022: Sales to total assets......................2 times Total debts to assets.....................30% Current ratio............... 3 times Inventory turnove........................5 times Average collection period... 18 days Sales (all on credit) .TZS 400,000,000 Non- current assets turnover.…............5 times Number of days in a yea............... 360 days Required: Construct DHK Limited's Statement of Financial Position in the following form: TZS TZS Cash Current debts Accounts receivables Non - current debts Inventory Total debts Total current assets Equity Non - current assets Total assets Total debts and equity
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