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Liabilities & Stockholders Equity Accounts payable Notes Payable Аccruals 57, 000 49, 000 13, 000 5, 000 75, 000 150, 000 16, 000 6, 000 71, 000 160, 000 Total Current Liabilities Long Term Debt Shareholders Equity Com. stock Equity (share outstanding) Retained Earnings 110, 200 73, 100 183, 300 408, 300 120, 000 50, 200 170, 200 401, 200 Shareholders Equity Total Liabilities & S/holders Equity Calculate the following ratio for both years and comment on the comparison (use 365days) ; i. Current ratio ii. Acid ratio iii. Inventory turnover

Liabilities & Stockholders Equity Accounts payable Notes Payable Аccruals 57, 000 49, 000 13, 000 5, 000 75, 000 150, 000 16, 000 6, 000 71, 000 160, 000 Total Current Liabilities Long Term Debt Shareholders Equity Com. stock Equity (share outstanding) Retained Earnings 110, 200 73, 100 183, 300 408, 300 120, 000 50, 200 170, 200 401, 200 Shareholders Equity Total Liabilities & S/holders Equity Calculate the following ratio for both years and comment on the comparison (use 365days) ; i. Current ratio ii. Acid ratio iii. Inventory turnover

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Liabilities & Stockholders Equity Accounts payable Notes Payable Accruals 57, 000 13, 000 5, 000 75, 000 150, 000 49, 000 16, 000 6, 000 71, 000 160, 000 Total Current Liabilities Long Term Debt Shareholders Equity Com. stock Equity (share outstanding) Retained Earnings 110, 200 73, 100 183, 300 408, 300 120, 000 50, 200 170, 200 401, 200 Shareholders Equity Total Liabilities & S/holders Equity Calculate the following ratio for both years and comment on the comparison (use 365days) ; i. Current ratio Acid ratio Inventory turnover Average collection period Total Asset Turnover ii. ii. iv. V. vi. Debt ratio Profit margin viii. Earnings before Interest and Taxes vii. ix. Return on Asset х. Return on Equity
Transcribed Image Text:Liabilities & Stockholders Equity Accounts payable Notes Payable Accruals 57, 000 13, 000 5, 000 75, 000 150, 000 49, 000 16, 000 6, 000 71, 000 160, 000 Total Current Liabilities Long Term Debt Shareholders Equity Com. stock Equity (share outstanding) Retained Earnings 110, 200 73, 100 183, 300 408, 300 120, 000 50, 200 170, 200 401, 200 Shareholders Equity Total Liabilities & S/holders Equity Calculate the following ratio for both years and comment on the comparison (use 365days) ; i. Current ratio Acid ratio Inventory turnover Average collection period Total Asset Turnover ii. ii. iv. V. vi. Debt ratio Profit margin viii. Earnings before Interest and Taxes vii. ix. Return on Asset х. Return on Equity
Income Statement for XYZ Ltd for year ending 2014 RM Sales Revenue 600, 000 460, 000 140, 000 Less Cost of Goods sold Gross Profit Less Operating Expenses General & Admin Expenses Depreciation Expenses 30,000 30,000 60, 000 80, 000 10, 000 70, 000 27, 100 42, 000 Total Operating Expenses Net profit before Interest and Taxes Less Interest Expenses Net profit before taxes Less Taxes Earning available for Common Shareholders Balance Sheet of XYZ Ltd as at 31 Dec 2014 2013 RM RM Assets 15, 000 7, 200 34, 100 82, 000 138, 300 16, 000 8, 000 42, 200 50, 000 116, 200 Cash in hand Marketable Securities Accounts receivables Inventories Total Current Assets Land and Building Machinery & Equipment Furniture & Fixtures 150, 000 200, 000 54, 000 11, 000 415, 000 145, 000 270, 000 408, 300 150, 000 190, 000 50, 000 10, 000 400, 000 115, 000 285, 000 401, 200 Others Total Gross Fixed Assets Less Accumulated Depreciation Net Fixed Assets Total Assets
Transcribed Image Text:Income Statement for XYZ Ltd for year ending 2014 RM Sales Revenue 600, 000 460, 000 140, 000 Less Cost of Goods sold Gross Profit Less Operating Expenses General & Admin Expenses Depreciation Expenses 30,000 30,000 60, 000 80, 000 10, 000 70, 000 27, 100 42, 000 Total Operating Expenses Net profit before Interest and Taxes Less Interest Expenses Net profit before taxes Less Taxes Earning available for Common Shareholders Balance Sheet of XYZ Ltd as at 31 Dec 2014 2013 RM RM Assets 15, 000 7, 200 34, 100 82, 000 138, 300 16, 000 8, 000 42, 200 50, 000 116, 200 Cash in hand Marketable Securities Accounts receivables Inventories Total Current Assets Land and Building Machinery & Equipment Furniture & Fixtures 150, 000 200, 000 54, 000 11, 000 415, 000 145, 000 270, 000 408, 300 150, 000 190, 000 50, 000 10, 000 400, 000 115, 000 285, 000 401, 200 Others Total Gross Fixed Assets Less Accumulated Depreciation Net Fixed Assets Total Assets
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