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oring costs (COGS) A CD E F G 2 B J U KL Statement of Comprhensive Income for Year Ended Dec.31 M N P V Y AA АВ AC Statement of Financial Postion as at December31 10 (inmillions orCanadian dollars) (In millions orCanadlan dollars) 20x3 20x2 20x1 203 398 572 20x3 20x2 4360 20x1 4346 2715 P Cash and cash equivalents B Accounts recetvable e Inventory O Prepaid Expenses Total net sales Operatingexpenses Operating costs Distribution costs Royalty costs Deprectation Totaloperating costs (COGS) Profit from mintng operations 762 522 309 312 17 493 699 1682 403 1754 402 942 85 27 318 Total 1443 1646 1400 265 291 232 2 Property, plant and equtpment В Mineral pгорету сояtS 4 Total Assets 5 Liabilities S Accounts payable and accrued liabilities 7 Taxes payable B Total Current Linbilittes e Long-term debt 0 Deferred income taxes 1 Asset retirement obligations 2 Total llablltiles 3 Shareholders Equity 4 Share capital 5 Retained Earnings 6 Totalshareholder's equity 7 Total llabllities and shareholders equity 6542 6024 4256 515 507 317 1900 1898 1700 2865 2954 1809 9885 9568 7356 1495 1392 906 Other expenses Generaland Administrative 407 498 342 232 220 126 Interest Expense Other Totalother expenses Net earnings before tax Incometaxes Comprhensive income for the year 115 72 24 184 119 127 522 570 366 39 34 373 36 1825 2530 1352 455 289 692 493 258 397 210 1040 1019 617 132 374 3413 275 245 774 3851 2325 765 485 3025 2875 2950 Estimated Tax Rate for 20x3: 26% 3382 2703 6387 5668 9800 9519 2793 2400 Estimated Tax Rate for 20x2: 24% 5350 7675 s Calculatethe followingratios for Company XYz for 20x3 and 20x2: 20x3 1 Ratio 2 Operating margin 3 Returnontotal long-term capital aftertax 4 Returnonassets, aftertax 5 Returnon equity 6 Avg.collectionofAccounts Receivable 20x2 S 7 Avg.days in inventory 8 AVg days in payables 9 Debt to Equty O Debt to Total Assets 1 Times Interest Earned 2 Current ratio 3 Quick ratio Acti Go to

oring costs (COGS) A CD E F G 2 B J U KL Statement of Comprhensive Income for Year Ended Dec.31 M N P V Y AA АВ AC Statement of Financial Postion as at December31 10 (inmillions orCanadian dollars) (In millions orCanadlan dollars) 20x3 20x2 20x1 203 398 572 20x3 20x2 4360 20x1 4346 2715 P Cash and cash equivalents B Accounts recetvable e Inventory O Prepaid Expenses Total net sales Operatingexpenses Operating costs Distribution costs Royalty costs Deprectation Totaloperating costs (COGS) Profit from mintng operations 762 522 309 312 17 493 699 1682 403 1754 402 942 85 27 318 Total 1443 1646 1400 265 291 232 2 Property, plant and equtpment В Mineral pгорету сояtS 4 Total Assets 5 Liabilities S Accounts payable and accrued liabilities 7 Taxes payable B Total Current Linbilittes e Long-term debt 0 Deferred income taxes 1 Asset retirement obligations 2 Total llablltiles 3 Shareholders Equity 4 Share capital 5 Retained Earnings 6 Totalshareholder's equity 7 Total llabllities and shareholders equity 6542 6024 4256 515 507 317 1900 1898 1700 2865 2954 1809 9885 9568 7356 1495 1392 906 Other expenses Generaland Administrative 407 498 342 232 220 126 Interest Expense Other Totalother expenses Net earnings before tax Incometaxes Comprhensive income for the year 115 72 24 184 119 127 522 570 366 39 34 373 36 1825 2530 1352 455 289 692 493 258 397 210 1040 1019 617 132 374 3413 275 245 774 3851 2325 765 485 3025 2875 2950 Estimated Tax Rate for 20x3: 26% 3382 2703 6387 5668 9800 9519 2793 2400 Estimated Tax Rate for 20x2: 24% 5350 7675 s Calculatethe followingratios for Company XYz for 20x3 and 20x2: 20x3 1 Ratio 2 Operating margin 3 Returnontotal long-term capital aftertax 4 Returnonassets, aftertax 5 Returnon equity 6 Avg.collectionofAccounts Receivable 20x2 S 7 Avg.days in inventory 8 AVg days in payables 9 Debt to Equty O Debt to Total Assets 1 Times Interest Earned 2 Current ratio 3 Quick ratio Acti Go to

FINANCIAL ACCOUNTING
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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K L C D E Statement of Financial Postionas at December 31 (in millions of Canadian dollars) A В G H J P Q R V Y AA AB AC AD AE AF AG AH Statement ofComprhensive Income for Year Ended Dec. 31 (in millions of Canadian dollars) 20x3 20x2 20x1 20x3 20x2 20x1 7 Cash and cash equivalents 293 398 762 Totalnet sales 4360 4346 2715 Accounts receivable e Inventory O Prepaid Expenses Total Operating expenses Operating costs Distribution costs 572 522 309 493 699 312 1682 1754 942 85 27 17 403 402 318 1400 Royalty costs Depreciation Totaloperating costs (COGS) Profit from mining operations Other expenses General and Administrative 1443 1646 265 291 232 2 Property, plant and equipment 3 Mineral property costs 4 Total Assets 5 Liabilities 6 Accounts payable and accrued liabilities 7 Taxes payable 8 Total Current Liabilities 9 Long-term debt 0 Deferred income taxes E1 Asset retirement obligations 2 Totalliabiltiies Shareholders Equity 4 Share capital -5 Retained Earnings -6 Total shareholder's equity 7 Totalliabilities and shareholders equity 6542 6024 4256 515 507 317 1900 1898 1700 2865 2954 1809 9885 9568 7356 1495 1392 906 407 498 342 232 220 126 115 72 24 Interest Expense 184 119 127 522 570 366 Other 39 34 36 2530 Totalother expenses 1825 1352 455 373 289 617 132 692 493 397 Net earnings before tax 1040 1019 374 258 210 Incometaxes 275 245 3413 3851 2325 Comprhensive income for the year 765 774 485 3025 3362 6387 2950 2400 5350 2875 Estimated Tax Rate for 20x3: 26% 2793 Estimated Tax Rate for 20x2: 24% 5668 9800 9519 7675 9 Calculate the following ratios for Company XYZ for 20x3 and 20x2: 1 Ratio 2 Operating margin 3 Return ontotal long-term capital aftertax 4 Return on assets, aftertax -5 Returnonequity =6 Avg.collection of Accounts Receivable 7 Avg.daysininventory =8 Avg. days in payables :9 Debt to Equity -0 Debt to Total Assets -1 Times Interest Earned 2 Current ratio 3 Quick ratio 20x3 20x2 Activate Windows. Go to Settinas to adtivate Windows | Instructions Part 1 Part 2 Part 3
Transcribed Image Text:K L C D E Statement of Financial Postionas at December 31 (in millions of Canadian dollars) A В G H J P Q R V Y AA AB AC AD AE AF AG AH Statement ofComprhensive Income for Year Ended Dec. 31 (in millions of Canadian dollars) 20x3 20x2 20x1 20x3 20x2 20x1 7 Cash and cash equivalents 293 398 762 Totalnet sales 4360 4346 2715 Accounts receivable e Inventory O Prepaid Expenses Total Operating expenses Operating costs Distribution costs 572 522 309 493 699 312 1682 1754 942 85 27 17 403 402 318 1400 Royalty costs Depreciation Totaloperating costs (COGS) Profit from mining operations Other expenses General and Administrative 1443 1646 265 291 232 2 Property, plant and equipment 3 Mineral property costs 4 Total Assets 5 Liabilities 6 Accounts payable and accrued liabilities 7 Taxes payable 8 Total Current Liabilities 9 Long-term debt 0 Deferred income taxes E1 Asset retirement obligations 2 Totalliabiltiies Shareholders Equity 4 Share capital -5 Retained Earnings -6 Total shareholder's equity 7 Totalliabilities and shareholders equity 6542 6024 4256 515 507 317 1900 1898 1700 2865 2954 1809 9885 9568 7356 1495 1392 906 407 498 342 232 220 126 115 72 24 Interest Expense 184 119 127 522 570 366 Other 39 34 36 2530 Totalother expenses 1825 1352 455 373 289 617 132 692 493 397 Net earnings before tax 1040 1019 374 258 210 Incometaxes 275 245 3413 3851 2325 Comprhensive income for the year 765 774 485 3025 3362 6387 2950 2400 5350 2875 Estimated Tax Rate for 20x3: 26% 2793 Estimated Tax Rate for 20x2: 24% 5668 9800 9519 7675 9 Calculate the following ratios for Company XYZ for 20x3 and 20x2: 1 Ratio 2 Operating margin 3 Return ontotal long-term capital aftertax 4 Return on assets, aftertax -5 Returnonequity =6 Avg.collection of Accounts Receivable 7 Avg.daysininventory =8 Avg. days in payables :9 Debt to Equity -0 Debt to Total Assets -1 Times Interest Earned 2 Current ratio 3 Quick ratio 20x3 20x2 Activate Windows. Go to Settinas to adtivate Windows | Instructions Part 1 Part 2 Part 3
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