11.On 1/1/2015 ABC had the following:Machine 12,000Land 120,000Motor vehicle 16,250Debtors 13,500Short term loan 14,200Cash 8,400Creditors 18,000Calculate:(a) the equity of the business on 1/1/2015(b) prepare a balance sheet on 1/1/2015(c) liquidity ratios and solvency ratios(d) comment on the profitability ratios calculatedabove in (c)

Equity means the investment of businessmen. Liquidity ratio will consist of Current Ratio , Cash…

Answered: 11. On 1/1/2015 ABC had the following:…

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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Using the financial statements in the image, calculate the following ratios for both the FY 2017 and FY 2018: Current Ratio Quick Ratio Total Asset Turnover Average Collection Total Debt to Total Assets Times Interest Earned Net Profit Margin Return on Assets Return on Equity Modified Du Point Equation for FY 2018 PE Ratio Market to Book Ratio
Preparing a Balance Sheet, Computing Net Income, and Understanding Equity Transactions At the beginning of 2015, Barth Company reported the following balance sheet. Assets Cash Accounts Receivable Equipment Land Total Assets Equipment Land $ $2,400 Accounts Payable 7,350 5,000 Common Stock 23,750 25,000 Retained Earnings 10,000 $39,750 Total Liabilities and Equity $39,750 Required a. At the end of 2015, Barth Company reported the following assets and liabilities: Cash, $4,400; Accounts Receivable, $9,200; Equipment, $4,500; Land, $25,000; and Accounts Payable, $3,750. Prepare a year-end balance sheet for Barth. (Hint: Report equity as a single total.) Assets + Liabilities $ ◆ $ Equity $6,000 BARTH COMPANY Balance Sheet December 31, 2015 Liabilities Equity → → ⇒ $ b. Assuming that Barth did not issue any common stock during the year but paid $6,000 cash in dividends, what was its net income or net loss for 2015?
Q1 Consider the given income statement and balance sheet and calculate the following ratios : Return on Assets Return on Equity Debt Ratio Current Ratio Write your comment about each of the ratios calculated what it describes. Following are the Financial Statements of CSU CORPORATION for the year ended Dec. 31, 2020 Assets : 2019 Cash $1400 Accounts Receivable 4000 Supplies 1800 Equipment 16000 Total Assets $23,200 Liabilities and Shareholders’ Equity : Liabilities : Notes Payable $5000 Accounts Payable…
Below is a scrambled list of accounts of Jubli Berhad, a technology company (in RM mil). Construct the firm's income statement and balance sheet for year ended 31st December 2022. RM (in mil) Accounts payable Accounts receivable Accumulated depreciation Cash Cost of goods sold Common stock Depreciation expense Gross fixed assets income taxes Interest expense Long-term debt Marketable securities Prepaid expenses inventories Retained earnings Sales Selling, marketing & administrative expenses Short-term notes 4,400 2,500 4,200 3,300 17,000 13,800 1,500 24,500 15 1,000 10,000 12,400 3,200 1,500 8,000 30,000 10,000 7,000
Forecast the Balance Sheet Following is the balance sheet for Medtronic PLC for the year ended April 29, 2016. Medtronic plc Consolidated Balance Sheets ($ millions) Apr. 29, 2016 Apr. 24, 2015 Current assets Cash and cash equivalents $2,876 $4,843 Investments 9,758 14,637 Accounts receivable 5,562 5,112 Inventories 3,473 3,463 Tax assets 697 1,335 Prepaid expenses and other current assets 1,234 1,454 Total current assets 23,600 30,844 Property, plant, and equipment, net 4,841 4,699 Goodwill 41,500 40,530 Other intangible assets, net 26,899 28,101 Long-term tax assets 1,383 774 Other assets 1,559 1,737 Total assets $99,782 $106,685 Current liabilities Short-term borrowings $993 $2,434 Accounts payable 1,709 1,610 Accrued compensation 1,712 1,611 Accrued income taxes 566 935 Deferred tax liabilities - 119…
Use the following information to answer questions 1 - 8 Consider the following abbreviated financial statements for Xinghua: XINGHUA 2014 and 2015 Partial Balance Sheets Assets Liabilities and Owners Equity 2014 2015 2014 2015 Current assets $ 924 $ 1,002 Current liabilities $ 370 $ 428 Net fixed assets 3,917 4,556 Long-term debt 2, 006 2, 142 Equity 2,465 2,988 XINGHUA 2015 Income Statement Sales $ 11,295 Costs 5,535 Depreciation 1,020 Interest paid 180 The tax rate is 35%. Long term debt trades at 128% of par. The firm has 500 shares outstanding. Free Cash Flow to the Firm and the Free Cash Flow to Equity are both expected to grow at 2% forever. The weighted average cost of capital is 16%. The cost of equity is 24%.1. What is the change in net working capital for 2015? $ 2. What is the change in gross fixed assets, i. e. capital expenditures, for 2015? $_ What is the Net Income for 2015? $ 3. 4. What is the Free Cash Flow to the Firm for 2015? $ What is the Value of the Firm…
You are required to calculate:1. Liquidity ratios 2. Solvency rations 3. Profitability ratios For the selected companies and shortly write your comments and findings.
Q2. From the following particulars, you are required to calculate: (c) Stock Turnover Ratio (f) Debtor's Turnover Ratio (a) Current Ratio (b) Gross Profit Ratio (d) Debt Equity Ratio (e) Proprietary Ratio Rs Rs Particulars 74,40,000 Inventories 15.00,000 Bank Overdraft 7,44,000 Sundry Debtors 6,00,000 Sundry Creditors 16,50,000 Short-Term Investments 5,00.000 Cash Balances Particulars 9,10.000 2.00.000 12,40,000 Annual Sales Paid up Capital Gross Profit Reserve & Surplus 12.00,000 1.60,000 Fixed Assets 7% Debentures 40,000
how to creat a balance sheet using the following information? Balance sheet Given the following information about Elkridge Sporting Goods, Inc., construct a balance sheet for June 30, 2017. On that date the firm had cash and marketable securities of $25,135, accounts receivables of $43,758, inventory of $167,112, net fixed assets of $325,422, and other assets of $13,125. It had accounts payables of $67,855, notes payables of $36,454, long-term debt of $223,125, and common stock of $150,000. How much retained earnings did the firm have?

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