Question 2 [5 Marks) Given below is the balance sheet of Goodluck Enterprises for the year 31 December 2018. Equity and

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Question 2 5 Marks Given Below Is The Balance Sheet Of Goodluck Enterprises For The Year 31 December 2018 Equity And 1 (57.99 KiB) Viewed 42 times

Question 2 [5 Marks) Given below is the balance sheet of Goodluck Enterprises for the year 31 December 2018. Equity and Liabilities $ Shareholders' Equity Owner's Equity 10,00,000 Reserves & Surplus 200,000 50,000 100,000 150,000 Non-Current Liabilities Mortgage Debenture Current Liabilities Account Payable Overdraft Accrued Expenses Uneamed Revenue 30,000 10,000 2000 8.000 50,000 14,00,000 Assets Current Assets Inventories Trade receivables Cash and cash equivalents 50,000 50,000 100.000 300,000 Non-Current Assets Tangible Assets 11,00,000 14,00,000 Information related to the operation of the Business. Sales Revenue 420,000 Cost of Goods Sold 170,000 Operating Expenses 100,000 Depreciation 30.000 a) Quick Ratio b) Return on Assets Ratio c) Return on Equity Ratio [1] [2] [21