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There are SEVEN (7) questions in this section. Answer ALL questions in Microsoft Word. Items...

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Accounting

There are SEVEN (7) questions in this section. Answer ALL questions in Microsoft Word.

Items RM Foods and entertainment expenses per month 1 590 Bank account 55 855 House 95 000 Instalment loan 15 500 Vehicles 15 600 House loan 22 400 Investment 17 990 Credit card balance 1 200 Loan payment per month 550 Phone purchase 5 670 Laptop and printer purchase 9 650 Cash 7 000

1. Based on the information above: a) Help Sara to construct her balance sheet for the year ended 2020. (6 Marks) b) Based on your answer, calculate her current and debt ratio. Give explanation for each of your answer.

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