The following information is from DHK Limited's financial statements for the year 2022: Salesto total assets......................2 times Total debts to assets.....................30% Currentratio...............3 times Inventory turnove........................5 times Average collectionperiod... 18 days Sales (all on credit).TZS 400,000,000 Non-current assets turnover.…............5 times Number of days in a yea............... 360 days Required:Construct DHK Limited's Statement of Financial Position in the following form: TZS TZS CashCurrent debts Accounts receivables Non - current debts Inventory Total debts Total currentassets Equity Non - current assets Total assets Total debts and equity

The ratio analysis is performed to determine the financial statement ratio. Ratios may also be used…

Answered: The following information is from DHK…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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