Condensed balance sheet item along with related ratio

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Reference no: EM131943735

Mr. Hamad, the finance manager of XYZ Company, has gathered the following condensed balance sheet items along with related ratios. Current assets O.R 5000,000; total assets 20,000,000; current ratio 2:1; and debt ratio 50%. Instructions: Prepare in a proper format a condensed balance sheet for XYZ Company (include the following totals: current assets, fixed asset, total assets, current liabilities, long-term liabilities, total liabilities, owners’ equity, and total liabilities and owners’ equity).

Reference no: EM131943735

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