LiabilitiesLiquid assetsMonthly credit paymentsMonthly savings$ 8,800$ 5,00024668$ 150Net worthCurrent liabilitiesTake-home payGross income$ 59, 000$ 1,350$ 2,6002,900a. Debt ratiob. Current ratio

Formula: Debt ratio = Liabilities / Net worth

Answered: Liabilities Liquid assets Monthly…

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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Determine Debtors turnover ratio if, closing debtors is GH¢ 40,000, Cash sales is 25% of credit sales and excess of closing debtors over opening debtors is GH¢ 20,000. #randomized OA. 4 times B. 2 times OC. 6 times D. 8 times
answer 1, 5, 7,8,9,10
Earning Before Interest and Tax (EBIT) Re. 25 Lacs. Interest on debt Rs. 10 lacs. Calculate degree of Financial Leverage
ABC Manufacturing Company Balance Sheet as at 31 March 2019 2018 750 17,200 46,250 64,200 27,120 100,000 (32,200) 94.920 159,120 Cash 10,000 12,750 _31,200 53,950 22,500 71,250 (31.200) 62.550 116.500 Accounts receivable Inventory Total current assets Land Plant & equipment less accumulated depreciation Total fixed assets 11,500 18.250 29,750 33,700 53.050 Accounts payable Bank overdraft 24,000 49,500 Total current liabilities Term loan Sharcholders' funds 73,500 27,500 58,120 116,500 159.120 ABC Manufacturing Company Income Statement for the year ended 31 March 2018 Sales 2019 129,000 163,000 97.800 65,200 Cost of goods sold Gross profit Expenses: Administrative Operating Depreciation Total expenses Earnings before interest & tax _77.400 51,600 21,750 12,900 21,750 16,300 10.000 48,050 17,150 4,700 39.350 12,250 3,500 8,750 Interest 6,250 10,900 5,232 5.668 Earnings before taxes _4,200 4,550 Тах Net Income Required: a. Based on the financial statements for ABC Manufacturing, compute…
Assets Liabilities Cash 55,000 Demand deposits 207,000 Fed Funds 192,500 Savings Accounts 362,200 Treasury Bills 269,500 NOW Accounts 303,000 Treasury Bonds CD (retail 250,000) 587,000 Short-term 27,500 REPO's 55,000 Long term 99,000 other liabilities 22,000 Loans Total Liabilities 2,434,200 - Variable Rate - Fixed Rate 227,630 Equity Short-term 335,500 Common Stock 63,000 Long term 1,174,870 Surplus 50,000 Retained Earnings 78,000 other assets 18,000 Total Equity 193,000 Total Assets 2,627,200 Total Liabilities & equity 2,627,200 CALCULATE SENSITIVITY RATIO PRESENT YOUR ANSWER IN PERCENT ROUNDED TO ZERO DECIMAL PLACES. DON'T USE THE PERCENTAGE SYMBOL
Risk Weight Bank Liabilities $ Bank Assets Cash and Treasury Securities Repurchase Agreements Municipal Bonds Single Family Home Mortgages $ 2,700 CMOS Commercial Loans Agricultural Loans Allowance for Loan Loss Bank Buildings Total $ 2,000 $ 1,000 $ 1,500 0% Deposits 20% Hot Money 20% Subordinated Debt 8,000 2$ 6,000 24 250 50% Common Stock 2$ 100 $ 2,500 $ 1,500 $ 2,100 $ (300) $ 2,000 $ 15,000 50% Surplus 100% Retained Earnings 2$ 300 2$ 350 100% 0% 100% 2$ 15,000 1. Calculate the minimum leverage capital for this bank.
7
The T-account below represents assets and liabilities for a bank. Use the T-account to calculate the bank's loans Loans Bonds Reserves Provide your answer below: million Assets ? $18 million $5 million Liabilities + Net Worth Deposits Net Worth $12 million $13 million
PreviousBalance AnnualPercentageRate (APR)(as a %) MonthlyPeriodicRate FinanceCharge(in $) Purchasesand CashAdvances PaymentsandCredits NewBalance(in $) $2,490.00 % 1 1 4 % $ $1,374.98 $300.00 $
Calculate: Net profit margin Asset utilization Equity multiplier
AmountFinanced Number ofPayments MonthlyPayment FinanceCharge APR $18,300 72 $426.08 $ %
Statement of Financial Position as at 31 December 2008 RM 000 Current Liabilities: (15,000) Creditors Proposed Dividends Net Assets Fixed Assets: 17,300 70,500 5,000 (2,000) Fixtures and Fittings (NBV) Equipment Motor Vehicles 156,800 20,500 Intangible Assets Financed by: Capital Reserve 100,000 50,800 6,000 Current Assets: 28,000 Long Term Loan Cash at Bank Stock Debtors 9,000 23,500 156.800 At the end of the year, you have been informed of the following additional information: Palestinian Islamic bank has borrowed through short term financing facilities from a local bank on the 1st April 2008 to buy machinery equipment amounting to RM12,000,000. This amount has already been included as part of the debtors in the Statement of Financial Position. Part of the stocks in the above Statement is stock of goods for sales (Finish foods) valued at RM500,000 • One of the debtors in the above Statement is a non-trade debtor and the amount due is RM1,000,000. Required: Determine the zakatable…

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Liabilities Liquid assets Monthly credit payments Monthly savings $ 8,000 $5,000 $ 668 $ 150 Net worth Current liabilities Take-home pay Gross income $ 59,000 $ 1,350 $ 2,600 $ 2,900 a. Debt ratio