??!! 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?

Step 1: Definition of Gearing RatioGearing Ratio is a financial ratio that compares a company's…

Answered: Financial Accounting: Q. 11 The…

Financial Accounting: The Impact on Decision Makers

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ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

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Chapter13: Financial Statement Analysis

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Problem 13.16E

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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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II. The following is a comparative balance sheet of ABC Co. for December 31, 2022 and 2021: Cash and cash equivalents Accounts receivable Inventories Investment in bonds at amortized cost Equipment Accumulated depreciation Total Assets Accounts payable Bonds payable, due 2025 Ordinary stock, P20 par Share premium Retained earnings Total Liabilities and Equity Additional information: . 2022 250,000 327,600 822,000 0 . 2,400,000 (700,000) 3,099,600 359,000 0 1,800,000 280,000 660,600 3,099,600 2021 220,000 356,000 780,000 200,000 2,040,000 (760,000) 2,836,000 • Net income for 2022, P545,600. Depreciation reported on income statement, P140,000. Fully depreciated equipment, no salvage value, was scrapped. Equipment was purchased for P560,000. Bonds of P400,000 were retired at their face value. 281,000 400,000 1,600,000 200,000 355,000 2,836,000 10,000 shares of ordinary stock were issued for cash of P28 per share. Cash dividends declared and paid, P240,000 Investment in bonds with carrying…

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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?