ABC Industry and Trade Inc.Income Statement dated 31.12.2020 (TL)transactionsGross salesSales Discounts (-)Net SalesCost of sales (-)GROSS SALES PROFIT OR LOSOperating expenses (-)OPERATING PROFIT OR LOSSOrdinary Income and Profits from Other OperationsFinancial Expenses (-)ORDINARY PROFIT OR LOSSExtraordinary Expenses and Losses (-)PROFIT OR LOSS FOR THE PERIODPeriod Profit, Tax and Legal Liability. Equivalent (-)NET PROFIT OR LOSS FOR THE PERIOD31.12.2020450.00010.000440.000350.00090.00060.00030.0007.00020.00017.0002.00015.0003.00012.000• Calculate the Current Ratio of the Business.• Calculate the Acid-Test Ratio of the facility.• Calculate the Business's Leverage Ratio (Total Debt Ratio) and briefly interpret the result.• Calculate the Company's Equity Ratio.• Calculate the Inventory Turnover Rate and the Average Consumption Time of Stocks.• Calculate the Business's Receivable Turnover Rate and the Average Collection Time of Receivables.• Calculate the Operating Profit Margin of the business.• Calculate the Net Profit Margin of the business.• Calculate the company's Return on Equity.• Calculate the Profitability of Assets of the Business.Interpret the ratios in the table below from the ratios you calculated, taking into account the sectoraverages of the relevant ratios.RATE NAMESECTOR AVERAGECurrent rate1,56Leverage Ratio0,62Receivable Turnover Rate12AverageCollectionTimeof30,41 dayReceivablesNet Profit Margin0,040,15Equity Profitability QUESTION 3: Make the following analyzes using the financial statements of ABC Company dated31.12.2020.ABC Industry and Trade Inc.Balance Sheet as of 31.12.2020 (TL)transactionsCURRENT ASSETSReady ValuesSecuritiesCommercial debtsStocksFor Future Years. Outgoing. And Incoming. tach.FIXED ASSETSFinancial Fixed AssetsTangible Fixed AssetsIntangible AssetsTOTAL ASSETSSHORT TERM LIABILITIESFinancial DebtsTrade payablesAdvances ReceivedDebt and Expense ProvisionsLONG-TERM LIABILITIESFinancial DebtsTOTAL FOREIGN RESOURCESequity capitalPaid-in capitalProfit and Capital ReservesNet profit for the periodTOTAL RESOURCES31.12.2020110.00010.00030.00025.00040.0005.000140.00050.00080.00010.000250.00062.00030.00020.0008.0004.00067.00067.000129.000121.00080.00029.00012.000250.000

Name: ABC Industry and Trade Inc.Income Statement dated 31.12.2020 (TL)tran
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Description: ABC Industry and Trade Inc.Income Statement dated 31.12.2020 (TL)transactionsGross salesSales Discounts (-)Net SalesCost of sales (-)GROSS SALES PROFIT OR LOSOperating expenses (-)OPERATING PROFIT OR LOSSOrdinary Income and Profits from Other Operat

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ABC Industry and Trade Inc. Income Statement dated 31.12.2020 (TL) transactions Gross sales Sales Discounts (-) Net Sales Cost of sales (-) GROSS SALES PROFIT OR LOSS Operating expenses (-) OPERATING PROFIT OR LOSS Ordinary Income and Profits from Other Operations Financial Expenses (-) ORDINARY PROFIT OR LOSS Extraordinary Expenses and Losses (-) PROFIT OR LOSS FOR THE PERIOD Period Profit, Tax and Legal Liability. Equivalent (-) NET PROFIT OR LOSS FOR THE PERIOD 31.12.2020 450.000 10.000 440.000 350.000 90.000 60.000 30.000 7.000 20.000 17.000 2.000 15.000 3.000 12.000 • Calculate the Current Ratio of the Business. • Calculate the Acid-Test Ratio of the facility. • Calculate the Business's Leverage Ratio (Total Debt Ratio) and briefly interpret the result.

ABC Industry and Trade Inc. Income Statement dated 31.12.2020 (TL) transactions Gross sales Sales Discounts (-) Net Sales Cost of sales (-) GROSS SALES PROFIT OR LOSS Operating expenses (-) OPERATING PROFIT OR LOSS Ordinary Income and Profits from Other Operations Financial Expenses (-) ORDINARY PROFIT OR LOSS Extraordinary Expenses and Losses (-) PROFIT OR LOSS FOR THE PERIOD Period Profit, Tax and Legal Liability. Equivalent (-) NET PROFIT OR LOSS FOR THE PERIOD 31.12.2020 450.000 10.000 440.000 350.000 90.000 60.000 30.000 7.000 20.000 17.000 2.000 15.000 3.000 12.000 • Calculate the Current Ratio of the Business. • Calculate the Acid-Test Ratio of the facility. • Calculate the Business's Leverage Ratio (Total Debt Ratio) and briefly interpret the result.

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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