Week 13 Unit 11 Additional tutorial questions( MAJ) - Word (* aa)登入困O X檔案常用插入設計版面配置参考資料郵件校閱檢視說明9 告訴我您想做什麼4共用受保護的檢視小心,來自於網際網路的檔案可能有病毒。除非您需要編輯,否則停留在[受保護的檢視]中較為安全。啟用編輯(E)通知大部分功能已停用,因為您的Office 產品處於非使用中的狀態。若要免費使用,請登入並使用網頁版。啟動(A)前往Office.com 免費使用Question 24The selected financial statements' data of NGX Ltd. for the years ended 31 December 20x4 and20x5 are as followsNGX Ltd. Trial Balances as of 31 DecemberYear 20x4Year 20x5($m}(Sm)CasheTrade DebtorsClosing stockEquipment (net)1,0002,1005007002005002,0006003,000Trade Creditors<4,000Long term debt1,000800Capital1,0001,000Sales4,9005,200Cost of goods sold (COGS)2,8003,000Depreciation eSalary expensesa|Таx2505001,400501,250100REQUIRED:“a) Calculate (to 2 decimal places) the following ratios for the company in year 20x4 and 20x5.i.Net profit ratiovi. Creditors ratioii.Gross profit ratiovii. Stock turnover ratioiii.Current ratioviii. Gearing ratioiv.Quick ratioV.Debtors ratiob) Comment on the profitability, efficiency, and short term liquidity of NGX Ltd.第2頁,共2頁272 個字100%20:10o在這裡輸入文字來搜尋W后 )英18/4/2021

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Question 24 The selected financial statements' data of NGX Ltd. for the years ended 31 December 20x4 and 20x5 are as follows NGX Ltd. Trial Balances as of 31 December> Year 20x4 (Sm) Year 20x5 (Sm 2,100 700 500 3,000 4,000 Cashe Trade Debtors Closing stock Equipment (net)e- Trade Creditors? Long term debt= Capital Sales Cost of goods sold (COGS)- Depreciation - Salary expenses Tax 1,000 500 200 2,000 600 1,000 800e 1,000 1,000 4,900 5,200- 2,800 3,000 250 500 1,400 50 1,250 100 REQUIRED:" a) Calculate (to 2 decimal places) the following ratios for the company in year 20x4 and 20x5.“ i. vi. Creditors ratio vii. Stock turnover ratio viii. Gearing ratio Net profit ratio ii. Gross profit ratio iii. Current ratio

Question 24 The selected financial statements' data of NGX Ltd. for the years ended 31 December 20x4 and 20x5 are as follows NGX Ltd. Trial Balances as of 31 December> Year 20x4 (Sm) Year 20x5 (Sm 2,100 700 500 3,000 4,000 Cashe Trade Debtors Closing stock Equipment (net)e- Trade Creditors? Long term debt= Capital Sales Cost of goods sold (COGS)- Depreciation - Salary expenses Tax 1,000 500 200 2,000 600 1,000 800e 1,000 1,000 4,900 5,200- 2,800 3,000 250 500 1,400 50 1,250 100 REQUIRED:" a) Calculate (to 2 decimal places) the following ratios for the company in year 20x4 and 20x5.“ i. vi. Creditors ratio vii. Stock turnover ratio viii. Gearing ratio Net profit ratio ii. Gross profit ratio iii. Current ratio

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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#6 Item Prior year Current year Accounts payable 8,182.00 7,768.00 Accounts receivable 6,011.00 6,766.00 Accruals Cash Common Stock COGS Current portion long-term debt Depreciation expense Interest expense Inventories Long-term debt 1,022.00 1,542.00 ??? ??? 11,535.00 12,370.00 12,726.00 18,265.00 4,989.00 5,013.00 2,500 2,833.00 733 417 4,158.00 4,820.00 14,080.00 14,452.00 Net fixed assets 51,720.00 54,916.00 Notes payable 4,306.00 9,860.00 Operating expenses (excl. depr.) 13,977 18,172 Retained earnings 28,006.00 29,332.00 Sales 35,119 47,524.00 Taxes 2,084 2,775 What is the firm's total change in cash from the prior year to the current year? Submit Answer format: Number: Round to: 0 decimal places.
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Problem 13-2A (Algo) Ratios, common-size statements, and trend percents LO P1, P2, P3 [The following information applies to the questions displayed below] Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31 2021 2020 2019 Sales Cost of goods sold $ 402,346 $ 308,230 242,212 $ 213,900 194,493 136,896 Gross profit 160,134 113,737 77,004 Selling expenses 57,133 42,536 28,235 Administrative expenses 36,211 27,124 17,754 Total expenses 93,344 69,660 45,989 Income before taxes Income tax expense 66,790 44,077 31,015 12,423 9,036 6,296 Net income $ 54,367 $ 35,041 $ 24,719 KORBIN COMPANY Comparative Balance Sheets December 31 Assets Current assets Long-term investments Plant assets, net Total assets Current liabilities Liabilities and Equity Common stock Other paid-in capital Retained earnings Total liabilities and equity $ 180,932 2021 $ 63,959 116,973 0 2020 $ 42,808 800 106,691 $ 180,932 $ 150,299 $…
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Question 1 The following are financial statements of Crane Company. Crane CompanyIncome StatementFor the Year Ended December 31, 2022 Net sales $2,192,500 Cost of goods sold 1,010,500 Selling and administrative expenses 900,500 Interest expense 78,000 Income tax expense 62,500 Net income $ 141,000 Crane CompanyBalance SheetDecember 31, 2022 Assets Current assets Cash $ 55,100 Debt investments 89,000 Accounts receivable (net) 168,400 Inventory 236,500 Total current assets 549,000 Plant assets (net) 572,500 Total assets $ 1,121,500 Liabilities and Stockholders’ Equity Current liabilities Accounts payable $ 152,000 Income taxes payable 31,000 Total current liabilities 183,000 Bonds payable 220,740 Total liabilities 403,740 Stockholders’ equity Common stock 345,000 Retained earnings 372,760…
QUESTION 1 Emerald plc is a wholesaler. Its summarised financial statements for the year ended 30 June 2022 (and 2021 comparatives) are as follows: Sales revenue Gross profit Distribution costs Administrative expenses Operating profit Interest receivable Interest payable Profit before taxation Taxation Profit after taxaton Dividends in SOCE Non-current assets Intangible assets Tangible assets Investments Current assets Inventory Trade receivables Cash & bank. Current liabilities Net assets Equity and reserves Ordinary shares of 50p each Share premium account Revaluation reserve Retained earnings Non-current liabilities Debentures 2022 £000 9,600 2,400 (400) (1,200) 800 64 (200) 664 (192) 472 ¶¶¶¶¶ 600 0 5,800 680 6,480 200 1,400 200 1,800 (1,038) 7,242 900 900 1,575 3,067 6,442 800 7,242 ▼ 2021 £000 13,500 3,510 (540) (900) 2,070 90 (315) 1,845 (648) 1,197 540 0 6,300 720 7,020 *3*34 270 2,250 180 2,700 (1,350) 8,370 900 900 1,575 3,195 6,570 1,800 8,370
mework Assignment i Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity RELETEORRE Interest expense Income tax expense Total costs and expenses Net income KEREKE Earnings per share DENNE SLAP BOGATE Current Year For both the current year and one year ago, compute the following ratios: $ 32,893 100, 248 123,571 10,593 307,446 $574,751 monosokom. $ 144,544 105,892 162,500 161,815 $574, 751 $ 455,777 231, 625 12,702 9,713 The company's income statements for the current year and 1 year ago, follow. For Year Ended December 31 Sales Cost of goods sold Other operating expenses Current Year…
Cash Short-term investments Current receivables Inventory Prepaid expenses Total current assets Current liabilities Camaro $ 2,400 0 260 2,175 300 $ 5,135 $ 2,220 GTO $ 230 0 510 2,020 600 $ 3,360 $ 1,320 Torino $ 1,300 600 500 3,050 900 $ 6,350 $ 3,550 a. Compute the acid-test ratio for each of the separate cases above. b. Which company is in the best position to meet short-term obligations?