m Given below is the balance sheet of Goodluck Enterprises for the year 31 December 2018. Equity and Liabilities $ Share

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M Given Below Is The Balance Sheet Of Goodluck Enterprises For The Year 31 December 2018 Equity And Liabilities Share 1 (85.23 KiB) Viewed 31 times

m Given below is the balance sheet of Goodluck Enterprises for the year 31 December 2018. Equity and Liabilities $ Shareholders' Equity Owner's Equity 1000,000 Reserves & Surplus 200,000 Non-Current Liabilities Mortgage 50,000 100,000 Debenture 150,000 Current Liabilities Account Payable Overdraft Accrued Expenses Unearned Revenue 30,000 10,000 2,000 8,000 14,00,000 50,000 Assets Current Assets Inventories Trade receivables Cash and cash equivalents 150,000 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 [1] b) Return on Assets Ratio [2] c) Return on Equity Ratio [2]