Complete the following table for the requested ratios and accountbalgces."2010$ 5,2002011$ ???? «2014$1,700 $3,000 -2012e2013e2015e eCash$ 5,800 -$4,200Accounts receivable1,600 -100 €????4,2007,6002,200Inventory2,800 •7,300 €8,4009,900????8,700Prepayments3002,0008,500????8,1002,600Total current assets$9,900$????$????$????$???? $16,500Accounts payable$1,800$8,500$5,800$4,700$8,900 •$????4Accrued liabilities2,0002,000 €3,400 «5,700 •1,6004,000Wages payable1,5005,2002,2005,6009,1007,900Total current liabilities$5,300 $15,700$11,400 $16,000 $19,600????4Current ratio????1.07????1.761.09€????Quick ratio????0.48€1.31€????????0.26

Ratio analysis helps to analyze the financial statements of the company. The management can take…

2012 $ 5,800 2013 $4,200 $1,700 • $3,000 2010- 2011e 2014e 2015ee Cashe $ 5,200 $ ???? « Accounts receivable 1,600 100 ???? 4,200 7,600 2,200 Inventorye 2,800 7,300 € 8,400 9,900 ???? 8,700 Prepayments Total current assets 300 2,000 8,500 ???? 8,100 2,600 $9,900 $???? $???? $???? $???? $16,500 Accounts payable $1,800 $8,500 $5,800 $4,700 • $8,900 • $????4e Accrued liabilities 2,000 2,000 3,400 5,700 1,600 4,000 Wages payable 1,500 5,200 2,200 5,600 9,100 7,900 Total current liabilities $5,300 $15,700 € $11,400 $16,000 $19,600 ????4 ???? 0.264e Current ratio ???? 1.07€ ???? 1.76 1.09€ Quick ratio ????+ 0.48€ 1.31€ ???? ????

2012 $ 5,800 2013 $4,200 $1,700 • $3,000 2010- 2011e 2014e 2015ee Cashe $ 5,200 $ ???? « Accounts receivable 1,600 100 ???? 4,200 7,600 2,200 Inventorye 2,800 7,300 € 8,400 9,900 ???? 8,700 Prepayments Total current assets 300 2,000 8,500 ???? 8,100 2,600 $9,900 $???? $???? $???? $???? $16,500 Accounts payable $1,800 $8,500 $5,800 $4,700 • $8,900 • $????4e Accrued liabilities 2,000 2,000 3,400 5,700 1,600 4,000 Wages payable 1,500 5,200 2,200 5,600 9,100 7,900 Total current liabilities $5,300 $15,700 € $11,400 $16,000 $19,600 ????4 ???? 0.264e Current ratio ???? 1.07€ ???? 1.76 1.09€ Quick ratio ????+ 0.48€ 1.31€ ???? ????

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

help
Ee 20.
With solutions
Problem 2: Trody Co., from the previous problem, wants to prepare forecasted financial statements for the year 2015 using the percent of sales method, and the below additional given (Round numbers to the nearest dollar): Given forecasted sales of 2015: $6,500 b- The tax rate will be 40% in 2015. The company expected to distribute dividends of $750 in 2015. The interest rate on all interest-bearing loans will be 5% annually in 2015. The company is not intending to make changes to its fixed assets a- C- d- e- 1- The forecasted cost of goods sold for 2015 is expected to be: O a) $3,300 Ob) $3,738 c) $3,000 d) $4,250 e) None of the above. 2- Forecasted fixed expenses amount for 2015 is expected to ber
Calculate ROE for PotBelly Corp 2015. Use highlighted excel info
Please do not give solution in image format thanku
119il 12.6KB/s 8:48 VOLTE 60% Q2.pdf 1 The following is the Schedule of balances as on 31.3.1988 extracted from the bo Gavaskar, who caries on business under the name and style of Messrs Gavaskar Visuanin Co., at Bombay: Dr. Cr. Amount Amount Particulars Rs Rs 1,400 S Cash in Handr. •Cash at Bank Cn S Sundry Debtors lor, 2,600 86,000 Stock as on 1.4.1987– 62,000 Furniture & Fixtures 21,400 Office Equipment Buildings 16,000 60,000 Motor Car 20,000 Sundry Creditors Loan from Viswanath 43,000 30,000 Reserve for Bad Debts 3,000 Purchases u Purchase Returgs pr 1,40,000 2,600 Sales- Sales Returns 2,30,000 Salaries 4,200 Rent for Godown Pr 11,000 Interest on loan from Viswanath . 5,500 Rates and taxes 2,700 Discount allowed to Debtors 2,100 Discount received from Creditors 2,400 Freight on Purchases Carriage Outwards Drawings Printing & Stationery Electric Charges 1,600 1,200 2,000 12,000 1,800 2,200 Contd.... 1/2
2023 Income Statement Sales Cost of Goods Sold $ 770,000 $ 340,000 Depreciation Expense $ 95,000 Earnings before Interest and Taxes $ 335,000 Interest Expense $ 19,800 Taxable Income Tax Expense Net Income Dividends Paid Retained Earnings $ 315,200 $ 104,016 $ 211,184 $ 10,300 $ 200,884 Balance Sheet End of 2023 Beginning of 2023 Cash $ 280,000 $ 122,000 Accounts Receivable $ 50,000 $ 22,300 Inventory $ 188,000 $ 119,000 Net Fixed Assets $ 630,000 $ 630,000 Total Assets $1,148,000 $ 893.300 Accounts Payable Long-term Debt $ 158,000 $ $ 14,116 $ 71,800 121,500 Common Stock $ 375,000 $ 300,000 Accumulated Retained Earnings $ 600,884 $ 400,000 Total Liabilities & Shareholders' Equity $1,148,000 $ 893,300 Consider the financial statements displayed above. Based on these statements, calculate the firm's quick ratio as of the end of 2023. Note: Report your answer as a number rounded to two decimal points.
The following is an example of: Cash Accounts receivable Inventory Equipment Total assets 10 Multiple Choice O O Ratio analysis. Horizontal analysis. Vertical analysis. Year NOV 17 2024 $300,000 500,000 800,000 1,200,000 $2,800,000 $2,600,000 2023 $800,000 200,000 700,000 900,000 ST 2
Net Sales 36000 Commission received 6430 Interest received 3570 Cost of goods sold 7400 Dividends received 2220 From the above information the total income will be: a.OMR 41280 b.OMR 42820 c.OMR 48220 d.OMR 40820 Fast plz***********
Q4 Corporation financial statements at December 31 (in millions) ASSETS Cash LIABILITIES Accounts payable Notes payable Accrued wages Accrued taxes Total current liabilities 20X9 S10 5. 3. 2. 20X8 20X9 $5 10 15 20X8 $ 8 5. 2. 3. $ 4 Accounts receivable Inventory 12 Total current assets Long-term debt Common stock Retained carnings Total Net fixed assets 40 40 20 10 20 10 15 20 Total Sales $95, Cost of goods sold $50, Selling, general, and administrative expenses S15. Depreciation $3,Interest $2, Taxes $10 (a) Prepare a flow of funds statement for 20X9 for the Corporation (b) Prepare a cash flow statement using the indircct method for Corporation.
A. Devine and Vicky are partners dealing in cosmetics and other assorted goods. They share profit and losses in ratio 3:2. The trial balance below was extracted from the books of the partners as at 31“ December, 2020. DR CR Rent Expenses 400,000 Bank overdraft 100,000 Discount 50,000 100,000 Turnover 2,100,000 Cost of Sales 700,000 Receivable 400,000 Patent 400,000 Stocks (31/12/2019) 150,000 Loan from Devine at 15% per annum 200,000 Land 900,000 Motor vehicle 600,000 Equipment 400,000 Provision for depreciation: