Solve this Financial Accounting: Q. 11The following are extracts taken from the summarizedbalance sheet of Hanks Corp. as of 31 December 2017:Equity Ordinary share capital $600,000Reserves$400,000Debentures$800,000What is the gearing ratio?

Explanation of Gearing Ratio: The gearing ratio is a financial metric that measures a company's…

Answered: Financial Accounting: Q. 11 The…

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter13: Financial Statement Analysis

Section: Chapter Questions

Problem 13.16E

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Barger Corporation has the following data as of December 31, 2024: Total Stockholders' Equity Total Current Liabilities Total Current Assets $ 36,210 58,200 181,630 Other Assets Long-term Liabilities Property, Plant, and Equipment, Net Compute the debt to equity ratio at December 31, 2024. (Round your answer to two decimal places, X.XX.) = = C $? 45,600 269,640 Debt to equity ratio
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Using ratios to evaluate a stock investment Comparative financial statement data of Garfield Inc. follow: Market price of Garfield’s common stock:$69.36 at December 31 2018 and $38.04 at December 31, 2017. Common shares outstanding 14, 000 on December 31, 2018 and 12,000 on December 31 2017 and 2016. All sales are on credit. Requirements Compute the following ratios tor 2018 and 2017: a. current ratio b. Cash ratio c. Times-interest-earned ratio d. Inventory turnover e. Gross profit percentage f. Debt to equity ratio g. Rate of return on common stockholder’s equity h. Earnings per share of common stock i. Price/earnings ratio 2. Decide (a) whether Garfield’s ability to pat debts and to sell inventory improved or deteriorated during 2018 and (b) whether the investment attractiveness of its common stock appears to have increased or decreased.
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Additional information: • Weighted-average ordinary shares in 2017 were $60,000 QUESTIONS Based on the financial data above, do the following: a. Calculate the financial ratio of VENUS TRADING COMPANY in 2017 below: • Current ratio • Account receivable turnover • Inventory turnover • Asset turnover • Return on assets • Return on ordinary shareholders equity • Earnings per share • Debts to total assets ratio Provide an interpretation for each of the financial ratio calculations above. b. Based on the calculation results in point a, provide an analysis of performance finance VENUS TRADING COMPANY in 2017.
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Financial Accounting: Q. 11 The following are extracts taken from the summarized balance sheet of Hanks Corp. as of 31 December 2017: Equity Ordinary share capital $600,000 Reserves $400,000 Debentures $800,000 What is the gearing ratio?