Table of Contents
Question 1 2
Question 2 8
Question 4 15
Question 5 17
Question 6 21
a) Prepare a balance sheet using the information given below?
Balance sheet as per information Q1a
Non - current Assets
Gross Fixed Assets
less: Accumulated depreciation
Net Fixed Assets
less : Current Liabilities
short term notes payable
Long term liability and Equity
Long term notes payable
Long term bonds payable
b) Cyberdomeinc has current ratio equal to 3, a quick ratio equal to 1.8, and total current asset of RM6 million what is cyberdomes’s inventory balance?
c) Bistari corp. is required by a debt agreement to maintain a current ratio of at least 2.5 and bistari current ratio now is 3. Bistaricorp wants purchase additional inventory for its upcoming festive season, by using short-term debt. How much inventory can bistari purchase without violating its debt agreement if its total current assets equal to RM 15 Million?
current liabilities is RM 5,000,000
current assets are RM 15,000,000
According to the debt agreement the current ratio should be maintain at least 2.5. The Bistari Corp wants to buy additional inventory for its upcoming festival by using short term debt without violating it debt agreement (current ratio of at least 2.5).
If Bisari Corp want to purchase additional by using short term debt...