The incomplete balance sheet of Hook Limited is given below.
Additional information for 2016 year-end:
|
a. |
The amount of working capital is $150,000. |
|
b. |
The issued value of the shares is $10 per share. |
|
c. |
Market price per share is $15. |
|
d. |
Price-earnings ratio is 3. |
|
e. |
Income before payment of interest and income tax is $80,000. |
|
f. |
The ratio of shareholder’s equity to total assets is 0.60 to 1. |
|
g. |
Income tax expense equals $30,000. |
|
h. |
The acid-test ratio is 1.5 to 1. |
|
i. |
The times interest earned ratio is 8 to1. |
Required: Complete Hook Limited’s balance sheet.
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