Please could somebody be so kind as to assist me with the workings required in order to answer this problem? Many thanks in advance. The following 6 questions apply to the table and the addition information below. R20 000 R2 000 Balance sheet for Lambda Industries Ltd (LIL) as at 31 December 2017 Cash R6 500 Accounts payable Account receivable Notes payable Inventory Accruals Total current assets Total current liabilities Net fixed assets Long-term debt Total assets Shareholders' equity Total equity and liabilities The following additional information applies to Lambda Industries Ltd. (LIL) nin 1. Sales totaled R220 000 The gross profit margin was 30% The inventory turnover was 4.0 There are 360 days in the financial year of this company The average collection period was 65 days The current ratio was 2.0 7. The total asset turnover was 2.13 times 8. The debt ratio was 43.8%. 18. The average inventory for LIL in 2017 was … ON R27 500. R32 448. R36 667. R38 500.
https://collegeschoolessays.com/wp-content/uploads/2020/01/logo2-300x159.png 0 0 admin https://collegeschoolessays.com/wp-content/uploads/2020/01/logo2-300x159.png admin2021-01-12 02:42:532021-01-12 02:42:53Please could somebody be so kind as to assist me with the workings required in order to answer this