Prepare Common Size Balance Sheet from the following information of Amazing International.
|
2015 (Rs) |
2014 (Rs) |
| Cash |
12,000 |
9,000 |
| Accounts receivable |
48,000 |
36,000 |
| Inventory |
36,000 |
27,000 |
| Total current assets |
96,000 |
72,000 |
| Total fixed assets |
62,000 |
55,000 |
| Total Assets |
1,58,000 |
1,27,000 |
| Current liabilities |
|
|
| Accounts payable |
24,000 |
18,000 |
| Accrued expenses |
4,800 |
3,600 |
| Short-term debt |
8,000 |
6,000 |
| Total current liabilities |
36,800 |
27,600 |
| Long-term debt |
90,200 |
77,400 |
| Total liabilities |
1,27,000 |
1,05,000 |
| Shareholders’ equity |
31,000 |
22,000 |
| Total liabilities and equity |
1,58,000 |
1,27,000 |
