The following balance were extracted from the books of Charles & Sons Co. as at May 31st 2002 . Capital ...

      

The following balance were extracted from the books of Charles & Sons Co.
as at May 31st 2002 .
Capital 600,000
Net profit 130,000
Plant fixtures 160,000
Equipment’s 100,000
Buildings 240,000
Office furniture 10,000
Stock 192,000
Cash 118,000
Debtors 158,000
Pre-paid expenses 22,000
Creditors 130,000
Outstanding expenses 20,000
Bank overdraft 110,000
Required :
(i) Prepare a balance sheet as at 31st may 2002
(ii) Calculate
(a) Working capital
(b) Current ratio
(c) Net profit as percentage to capital

  

Answers


sharon
T12BSR432019.png
ii) Working capital = Current Assets - Current liabilities
= 490,000 - 260,000
= 230,000
T13BSR432019.png
= 49.26
T14BSR432019.png
sharon kalunda answered the question on March 4, 2019 at 12:00


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