Mr hamad the finance manager of xyz company has gathered


Mr. Hamad, the finance manager of XYZ Company, has gathered the following condensed balance sheet items along with related ratios. Current assets O.R 5000,000; total assets 20,000,000; current ratio 2:1; and debt ratio 50%. Instructions: Prepare in a proper format a condensed balance sheet for XYZ Company (include the following totals: current assets, fixed asset, total assets, current liabilities, long-term liabilities, total liabilities, owners’ equity, and total liabilities and owners’ equity).

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Financial Management: Mr hamad the finance manager of xyz company has gathered
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