ACTIVITY 1 The information below was extracted from the financial records of Sunrise Traders S Sun and R Rise as partners REQUIRED 1 Use the information to calculate the following: 1 Current ratio 2 Acid test ratio 3 Stock turnover rate 4 Period of stock on hand 5 Debtors' collection period 6 Creditors' payment period 2 Comment on the results. INFORMATION 2012 390 000 910 000 2013 420 000 980 000 75% of sales 75% of sales 40 000 58 000 27 000 74 000 6 000 30 days 60 days Sales - credit sales cash sales Cost of sales Trading stock Debtors control Bank-favourable Creditors control Accrued expense Credit terms for debtors Credit terms for creditors 36 000 54 000 23 800 78 000 2 400 30 days 60 days The ratios for 2012 are as follows: 2012 1,4:1 0,96:1 20 times per year 20 days 45 days 29 days Current ratio Acid test ratio Stock turnover rate Stock holding period Debtors collection period Creditors payment period

ACTIVITY 1 The information below was extracted from the financial records of Sunrise Traders S Sun and R Rise as partners REQUIRED 1 Use the information to calculate the following: 1 Current ratio 2 Acid test ratio 3 Stock turnover rate 4 Period of stock on hand 5 Debtors' collection period 6 Creditors' payment period 2 Comment on the results. INFORMATION 2012 390 000 910 000 2013 420 000 980 000 75% of sales 75% of sales 40 000 58 000 27 000 74 000 6 000 30 days 60 days Sales - credit sales cash sales Cost of sales Trading stock Debtors control Bank-favourable Creditors control Accrued expense Credit terms for debtors Credit terms for creditors 36 000 54 000 23 800 78 000 2 400 30 days 60 days The ratios for 2012 are as follows: 2012 1,4:1 0,96:1 20 times per year 20 days 45 days 29 days Current ratio Acid test ratio Stock turnover rate Stock holding period Debtors collection period Creditors payment period

Name: ACTIVITY 1The information below was extracted from the financial reco
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Description: ACTIVITY 1The information below was extracted from the financial records of Sunrise Traders,S Sun and R Rise as partnersREQUIRED1Use the information to calculate the following:1 Current ratio2 Acid test ratio3 Stock turnover rate4 Period of stock on

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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Identifying Comparables and Valuation using PB and PE Tailored Brands Inc.'s book value of equity is $4.563 million and its forward earnings estimate per share is $1.10, or $55.7 million in total earnings. The following information is also available for TLRD and a peer group of companies (identified by ticker symbol) from the specialty retail sector. Market Ticker Cap($ mil.) TLRD GCO ZUMZ GES ANF TLYS M 585.7 789.7 1,147,0 988.2 293.7 4,760.0 PB Forward Current PE (FY1) 1.00 9.699 1.95 14.17 2.07 13.19 1.00 19.69 1.68 11.6 0.75 5.458 EPS 5-Year Historical ROE Growth Rate (T 4Q) (0.47% 22.50% (323.73) (5.86 ) % 3.28% 13.85% (37.69% 1.90% 9.37% 6.35% 5.51% 13,93% (1.74 % 16.70% Debt-to- Equity (Prior Year) 2.53 0.13 0.00 0.56 0.25 0.00 0.74 (a) Identify a set of three companies from this list to use as comparables for estimating the equity intrinsic value of TLRD using the market multiples approach. ZUMZ, TLYS, M + (b) Assume that you use as comparables the following set of companies:…
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dentifying Comparables and Valuation using PB and PE Tailored Brands Inc.’s book value of equity is $4.563 million and its forward earnings estimate per share is $1.10, or $55.7 million in total earnings. The following information is also available for TLRD and a peer group of companies (identified by ticker symbol) from the specialty retail sector. Ticker Market Cap($ mil.) PB Current Forward PE (FY1) EPS 5-Year Historical Growth Rate ROE (T 4Q) Debt-to- Equity (Prior Year) TLRD -- -- -- -0.47% 22.50% 2.53 GCO 585.7 1 9.699 -323.73% -5.86% 0.13 ZUMZ 789.7 1.95 14.17 3.28% 13.85% 0 GES 1,147.00 2.07 13.19 -37.69% 1.90% 0.56 ANF 988.2 1 19.69 9.37% 6.35% 0.25 TLYS 293.7 1.68 11.6 5.51% 13.93% 0 M 4,760.00 0.75 5.458 -1.74% 16.70% 0.74 (a) Identify a set of three companies from this list to use as comparables for estimating the equity intrinsic value of…
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Briefly outline the significance of the EPS as a measure of financial performance Outline TWO (2) disclosure and presentation requirements of IAS33 The firm had 10 million common stocks in issue for the year ending December 31 2022. On the 1 January 2023 it had issued $2 million of 6% convertible debentures, each $5.00 of debentures can be converted into four common shares on the 1 of January at the option of the holder of the debenture. The firm had profit after tax for the year ended December 31, 2022, of $1 850 000. The firm pays tax at 30% for the year ended. Required: Calculate the Basic and diluted EPS for the year 2022 Outline the need to disclose a diluted EPS figure and on the relevance of this to the sharehol
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ting Standards Sec-1 with B Shivakumar for Sem II 2021 C021-3/ Topic 3/ Quiz 2 Redemption of preference shares by a company is classified under investing activities of its cash flow statement Select one: of O True O False stion Next page page
Trial Balance of Leisure Hotels as at June 30 Issued 7% preference share capital Sleach Issued ordinary share capital S1 cach 6% Debentures Share premium Buildings at cost Furniture at cost Equipment at cot Opening inventory Accumulated depreciation Furniture Equipment Director's remuneration Wages and salaries Motor expenses Rates and insurance Sales Purchases General expenses Advertising Audit fees Debenture interest paid Accounts receivables Accounts payables Bank Overdraft General reserve Dividend paid Retained profits as at the beginning of the year Debit S 550,000.00 70,000.00 60,000.00 10,000.00 50,000.00 252,000.00 15,000.00 12,000,00 158,900.00 20,000.00 32,000.00 10,000.00 2,100.00 13,000.00 5,000.00 Additional Information 1. Inventory counted and valued on 30 June amounted to $8,000. 2. Insurance includes $3,000 of cover that relates to the following year. 3. Wages owing at 30 June amounts to $5,000 4. A provision for bad debts is to be created at a level of 2% of debtors…
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