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?
Q: Please need answer the general accounting question
A: Step 1: Define Variable Factory Overhead Controllable VarianceThe Variable Factory Overhead…
Q: Pablo Foods Ltd. acquires all the outstanding stock of Northern Harvest Inc. for $15 million. The…
A: Explanation of Purchase Price (Consideration Transferred):The purchase price, also known as…
Q: General accounting question
A: Bond's carrying amount = Bonds payable - Discount on bonds payableBond's carrying amount = 125,000…
Q: BGM Manufacturing uses a predetermined overhead
A: Concept of Predetermined Overhead Rate:The predetermined overhead rate is an estimated rate used to…
Q: Accounting MCQ
A: Explanation of Process-Based Validation:Process-based validation is a method that emphasizes…
Q: Calculate net income
A: Step 1: Definition of Net IncomeNet Income is the final profit of a company after all expenses,…
Q: Operating leverage is closest
A: Explanation of Contribution Margin:The contribution margin is the difference between sales revenue…
Q: • Lexington Industries reports the following: • Receivables = $95,000 • • • = Machinery $300,000 =…
A: Step 1: Definition of Owner's EquityOwner's Equity represents the owner's residual interest in a…
Q: What is the firm's net profit margin
A: Concept of Net Sales:Net sales represent the total revenue a company earns from selling its products…
Q: What is the amount of each semi annual interest payment for these bonds on these financial…
A: Step 1: Definition of Semi-Annual Interest PaymentSemi-Annual Interest Payment refers to the…
Q: I want to correct answer general accounting question
A: Step 1: Introduction to depreciationDepreciation is referred to a method of expensing the cost of a…
Q: Thompson Aggrotech has a return on equity of 14.85 percent, a debt-equity ratio of 0.65, and a total…
A: We have to calculate the Return on Assets (ROA) by using the DuPont Identity, which breaks down…
Q: tutor need you help me accounting question
A: Step 1: Definition of Net Income GrowthNet income growth refers to the percentage increase in net…
Q: provide correct answer accounting question
A: Step 1: Definition of Accounts Receivable Turnover RatioThe Accounts Receivable Turnover Ratio…
Q: provide correct answer financial accounting
A: Step 1: Definition of Return on Total Assets (ROA)Return on Total Assets (ROA) measures a company's…
Q: Please read my financial accounting question properly and give me correct answer this question
A: Step 1: Define Due DateThe Due Date is the specific date by which a financial obligation, such as a…
Q: expert of accounting
A: Step 1: Definition of Average Collection PeriodThe average collection period is the average number…
Q: Please answer the following requirements on these financial accounting question
A: Step 1: Definition of Stockholders' EquityStockholders' Equity is the residual interest in the…
Q: Please give me answer with accounting question
A: Step 1: Definition of Price-Earnings (P/E) RatioThe Price-Earnings (P/E) Ratio is a valuation metric…
Q: What is the company's pplantwide overhead rate if direct
A: Concept of Manufacturing Overhead Costs:Manufacturing overhead costs are all indirect production…
Q: Subject = Financial account
A: Step 1: Definition of Cost Allocation Based on Square FootageCost allocation by square footage is a…
Q: Can you please answer my financial accounting question?
A: Step 1: Definition of Key TermsMaturity Value: The total amount due at the end of the note term,…
Q: What is the company's turnover ratio of this financial accounting question?
A: Step 1: Definition of Turnover RatioTurnover Ratio (Asset Turnover Ratio) measures how efficiently a…
Q: Answer this Accounting MCQ
A: Explanation of Dynamic Allocation Models: Dynamic allocation models represent resource distribution…
Q: Tamarisk Motor Company manufactures automobiles. During September 2025, the company purchased 6,000…
A: Given Data:Total headlamps purchased = 6,000Cost per lamp = $10Headlamps used for sales staff =…
Q: general accounting
A: Step 1: Definition of Degree of Operating Leverage (DOL)Degree of Operating Leverage (DOL)…
Q: What is the present value of the tax shield on debt on these financial accounting question?
A: Step 1: Define Present Value of Tax ShieldThe Present Value of Tax Shield (PV of Tax Shield) is the…
Q: None
A: Step 1: Definition of Applied Manufacturing OverheadApplied Manufacturing Overhead is the amount of…
Q: none
A: The Equity Multiplier (EM) is calculated using the formula: Equity Multiplier=1/(1−Debt Ratio) Given…
Q: please solve this question step by step general accounting
A: Step 1: Definition of Required Sales to Meet Target IncomeRequired Sales to Meet Target Income…
Q: Need Solutions Of This Question Please Provide Solution Without Ai
A: Ist Question:Calculation of Cost of Goods SoldCost of Goods Sold = Beginning Finished Goods…
Q: Explain properly all the answer general accounting question
A: Step 1: Define Net IncomeNet Income is the amount remaining after deducting income tax expenses from…
Q: I want to this question answer for general accounting question not need ai solution
A: Step 1: Define Days' Sales in Receivables (Average Collection Period)The Days' Sales in Receivables…
Q: Give me answer to this accounting question
A: Average collection period = (Average accounts receivable / Net credit sales) x 365 daysAverage…
Q: None
A: Step 1: Definition of Bond Carrying AmountThe Bond Carrying Amount is the net amount at which a bond…
Q: What is the net income reported by greenfineld consulting for the year ? Solve this general…
A: Step 1: Define Net IncomeNet Income is the profit of a company after all expenses, taxes, and other…
Q: Can you please solve this financial accounting issue without use Ai?
A: Step 1: Define Accounting EquationThe Accounting Equation is the fundamental principle of accounting…
Q: Need help
A: Thus, understanding the context and purpose of the report helps in choosing the right measurement…
Q: What is the total manufacturing costs ?
A: Step 1: Definitions Concept of Predetermined Overhead Rate:The predetermined overhead rate is a rate…
Q: answer please
A: High Point: July: 120,000 units, $90,000Low Point: February: 60,000 units, $54,000Variable Cost per…
Q: Summit Holdings has $280,000 in accounts receivable that will be collected within 70 days. The…
A: To calculate the rate of return for Skyline Factoring Company, we use the formula for the rate of…
Q: What will be the owner's equity reported on these financial accounting question?
A: Step 1: Define Owner's EquityOwner's Equity refers to the owner's interest in the company's assets…
Q: I don't need ai answer general accounting question
A: Step 1: Definition of Net IncomeNet income is the profit a company earns after deducting all costs,…
Q: Need answer
A: Explanation of Dividends Received Deduction (DRD):The Dividends Received Deduction is a tax…
Q: What is the full cost per unit?
A: Explanation of Full Cost per Unit: Full cost per unit represents the total cost of manufacturing and…
Q: provide correct answer
A: Step 1: Definition of Overapplied OverheadOverapplied overhead occurs when the overhead applied to…
Q: Capital gain?
A: To calculate the capital gain: Capital Gain=Selling Price−Purchase Price =60.10−52.40 7.70 per…
Q: Billy Company uses a predetermined overhead rate based on direct labor dollars. Billy Company…
A: Step 1: Definitions Predetermined Overhead Rate:Predetermined Overhead Rate is a rate set at the…
Q: Fairview Medical Group purchases land for $165,000 cash. The clinic assumes $2,200 in property taxes…
A: Step 1: Definition of Cost of LandThe cost of land includes all expenditures made to acquire the…
Q: Tutor please provide answer
A: Explanation of Industry Specificity Principle:The industry specificity principle in accounting means…
Answer
Step by step
Solved in 2 steps
- What is the gearing ratio??!!Use the common-size financial statements found here: ommon-Size Balance Sheet 2016Cash and marketable securities $ 480 1.5 %Accounts receivable 6,030 18.2Inventory 9,540 28.8Total current assets $ 16,050 48.5 %Net property, plant, and equipment 17,020 51.5Total assets $33,070 100.0 %Accounts payable $ 7,150 21.6 %Short-term notes 6,850 20.7Total current liabilities $ 14,000 42.3 %Long-term liabilities 7,010 21.2Total liabilities $ 21,010 63.5 %Total common shareholders’ equity 12,060 36.5Total liabilities and shareholders’ equity $33,070 100.0 %Common-Size Income Statement 2016Revenues $ 30,000 100.0 %Cost of goods sold (20,050) 66.8Gross profit $ 9,950 33.2 %Operating expenses (7,960) 26.5Net operating income $ 1,990 6.6 %Interest expense (940) 3.1Earnings before taxes $ 1,050 3.5 %Income taxes (382) 1.3Net income $668 2.2 % Specifically, write up a brief narrative that responds to the following questions: a. How much cash does Patterson have on hand relative to its total…
- 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 ratioCalculate The Market Price with General Accounting methodUsing 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.
- Consider the following partial income statements and balance sheets for Lillard Corp. For the year ended December 31, Net income Less income attributable to noncontrolling 5,700 interests Net income attributable to Lillard Corp. 100,400 107,300 Lillard Corp. shareholders' equity Noncontrolling interests Total equity What is Lillard's return on equity for 2024? 11.7% O 11.5% 12.3% 11.9% 2024 2023 108,000 113,000 11.1% 7,600 Dec. 31, 2024 Dec. 31, 2023 861,000 888,000 32,400 30,600 893,400 918,600Compute the following ratios on these accounting questionGeneral accounting
- What is the P/E ratio ??? General Accounting question1. Find the Earnings Per share on common stock 2. Find the Price-earnings ratioProfitability ratios. Reading material see chapter 3 and Profitability measures chapter 11. The table here shows information pertaining to the financial year that ended on 31.12.2023. Amounts in €: Income (net sales) 400, 000 Profit ( net income) 60,000 Average asset balance 1,000,000 Average balance of equity 600,000 Dividend paid per share 2.40 Earnings per share (EPS) 6.00 Exchange rate (value) per share at the end of the year 96.00 a) Calculate the profit ratio, turnover rate of assets and return on total assets for the year, i. e. ROI (also use DuPont Model) b) Calculate the return on equity for the year (ROE) c) Calculate the P/E ratio for the year d) Calculate the payout ratio for the year e) Calculate the dividend yield