the following values relate to various ratios for a clothing manufacturer for the mo 4375719

The following values relate to various ratios for a clothing manufacturer, for the most recent year. At the end of the year, total assets in the balance sheet was $900 000. The ratios relate to the accounts either in respect of the 12-month period or at the date of the balance sheet for the end of the period. Required Assuming there are no prepaid expenses and that trade accounts payable are the only liability, prepare: a. A detailed income statement for the year, including cost of sales calculation b. The entity’s balance sheet as at the end of the year View Solution:
The following values relate to various ratios for a clothing

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