5 The following is a list of assets and claims of a manufacturing business at a particular point in time: Short-term borrowings Property Inventories of raw materials Trade payables Plant and equipment Loan from Manufacturing Finance Co. (long-term borrowing) Inventories of finished goods Delivery vans Trade receivables £ 22,000 245,000 18,000 23,000 127,000 100,000 28,000 54,000 34,000 Required: Write out a statement of financial position in the standard format incorporating these figures. (Hint: There is a missing item that needs to be deduced and inserted.)

5 The following is a list of assets and claims of a manufacturing business at a particular point in time: Short-term borrowings Property Inventories of raw materials Trade payables Plant and equipment Loan from Manufacturing Finance Co. (long-term borrowing) Inventories of finished goods Delivery vans Trade receivables £ 22,000 245,000 18,000 23,000 127,000 100,000 28,000 54,000 34,000 Required: Write out a statement of financial position in the standard format incorporating these figures. (Hint: There is a missing item that needs to be deduced and inserted.)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question Content Area Use the information provided for Harding Company to answer the question that follow. Harding Company Accounts payable $33,234 Accounts receivable 67,995 Accrued liabilities 6,510 Cash 22,738 Intangible assets 35,347 Inventory 83,390 Long-term investments 101,069 Long-term liabilities 79,156 Notes payable (short-term) 27,161 Property, plant, and equipment 689,074 Prepaid expenses 2,037 Temporary investments 30,842 Based on the data for Harding Company, what is the quick ratio (rounded to one decimal place)? a.3.1 b.0.8 c.1.8 d.15.4
The financial statements of Columbia Sportswear Company are presented in Appendix B. Click here to view Appendix B. The financial statements of Under Armour, Inc. are presented in Appendix C. Click here to view Appendix C. The complete annual report, including the notes to the financial statements, is available at the company's website. (b) What conclusions concerning the management of plant assets can be drawn from these data? 1. 2. 3. Return on assets Profit margin Asset turnover Columbia Sportswear Company 12.0% 9.8% 1.22 times Under Armour, Inc. -1.1% -0.9% 1.26 times
please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image)
Nn.21. Subject :- Account
The following are financial data taken from the annual report of Foundotos Company: Year 2 $134,448 51,981 37,154 57,504 Net sales Gross property, plant and equipment Accumulated depreciation Intangible assets (net) A. Calculate the following ratios for Year 1 and Year 2: 1. Fixed asset turnover 2. Accumulated depreciation divided-by-gross fixed assets B. What do the trends in these ratios reveal about Foundotos? Year 1 $130,060 47,744 34,180 36,276
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Analysis above two financial statement, what you can observe without using financial ratio.
Vaibhav
V Use the information provided for Harding Company to answer the question that follow. Harding Company Accounts payable Accounts receivable Accrued liabilities Cash $34,989 66,770 6,185 17,598 39,822 89,571 98,246 70,130 Intangible assets Inventory Long-term investments Long-term liabilities Notes payable (short-term) Property, plant, and equipment Prepaid expenses Temporary investments Based on the data for Harding Company, what is the amount of working capital? Oa. $608,269 Ob. $149,965 Oc. $212,546 Od. $959,971 21,407 609,357 1,088 37,519
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ngageNOWv2 | Online teachin X CengageNOWv2 |Online teachin X + com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocat Asset turnover A company reports the following: Sales $1,102,500 Average total assets (excluding long-term investments) 787,500 Determine the asset turnover ratio. If required, round your answer to one decimal place. Check My Work All work saved. Email in