Mr hamad the finance manager of xyz company has gathered, Ask an Expert

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Mr. Hamad, the finance manager of XYZ Company, has gathered the following condensed balance sheet items along with related ratios.

Current assets O.R 5,000,000; total assets 20,000,000; current ratio 4:1; and debt ratio 40%.

Instructions: Prepare in a proper format a condensed balance sheet for XYZ Company (include the following totals: current assets, non-asset, total assets, current liabilities, non-liabilities, total liabilities, owners’ equity, and total liabilities and owners’ equity).

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92781845

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