This paper circulates around the core theme of The following information is available on the Vanier Corporation together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 99. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.
The following information is available on the Vanier Corporation:Balance SheetVanier CorporationDecember 31,1996 (in thousands) Rs.Cash & marketable securities 500Accounts receivable ?Inventories ?Current assets ?Net fixed assets ?Total assets ? Rs.Accounts payable 400Bank loan ?Accruals 200Current liabilities ?Long-term debt 2650Common stock and 3750retained earningsTotal liabilities and ?Stockholders equityIncome StatementVanier Corporation:For the year ending 1996__________________ (in thousands) _____________________Rs.Credit sales 8000Cost of goods sold?Gross profit ?Selling and administrative expenses ?Interest expense400Profit Before taxes ?Taxes (44% taxes) ?Profit after taxes ?Other Information____________________________________Current ratioDepreciationNet profit margin3 to 1Rs. 5007%Total liabilities & shareholder equity 1 to 1Average collection periodInventory turnover ratio45 days3 to 1____________________________________Assume that sales and production are steady throughout a 360-day year.REQUIRED:Complete the Balance Sheet and Income Statement for Vanier Corporation foryear 1996.