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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Ratios Calculated Year 1 Year 2 3.64 +Q+ Price-to-cash-flow 5.20 Inventory turnover 10.40 Debt-to-equity 0.70 8.32 0.56 Year 3 2.91 6.66 0.45 Based on the preceding information, your calculations, and your assumptions, which of the following statements can be included in your analysis report? Check all that apply. Cold Goose Metal Works Inc.'s ability to meet its debt obligations has improved since its debt-to-equity ratio decreased from 0.70 to 0.45. A decline in the inventory turnover ratio can be explained by the new Inventory management system that the company recently adopted, which led to more efficient inventory management. A decline in the debt-to-equity ratio implies a decline in the creditworthiness of the firm. A plausible reason why Cold Goose Metal Works Inc.'s price-to-cash-flow ratio has decreased is that investors expect lower cash flow per share in the future.
balance sheets Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Current liabilities Long-term notes payable Common stock, $5 par value Retained earnings Total liabilities and equity Problem 13-5A (Algo) Part 1 $ 19,500 37,400 84,640 5,900 350,000 $ 497,440 $ 33,000 56,400 134,500 6,900 304,400 $ 535,200 $ 68,340 86,800 190,000 152,300 $ 497,440 $ 535,200 $ 91,300 115,000 206,000 122,900 statement Sales Cost of goods sold Interest expense Income tax expense Net income Basic earnings per share Cash dividends per share Beginning-of-year balance sheet data Accounts receivable, net Merchandise inventory Total assets Common stock, $5 par value Retained earnings Required: 1a. For both companies compute the (a) current ratio, (b) acid-test ratio, (c) accounts receivable turnover, (d) invent sales in inventory, and () days' sales uncollected. Note: Do not round intermediate calculations. 1b. Identify the company…
Question 13 The extract disclosed below relates to JohNicho Limited for the year ended December 31, 2021 JohNicho Limited Statement of Comprehensive Income for the year ended 31st December: Net Sales Cost of goods sold SG&A Other costs Operating Income (EBIT) Interest Extraordinary income EBT Taxes Net Income Non-current assets Property, Plant & Equipment Motor vehicles Furniture Total non-current assets Current assets Trade Receivables Other Current Assets Inventories Total Current Assets Total assets Current liabilities Accounts payable Other current liabilities Total Current Liabilities JohLex Limited Statement of Financial Position as at 31st December: 2020 GHC Long-term Debt Debenture Total non-current liabilities 10 Shareholders' equity Total Liabilities and Equity GHC 6,386 18,472 6,759 8,461 25,265 19,811 20,753 Required to calculate: (a) Inventory turnover period (in days) (b) Receivable collection period (in days) (c) Payable collection period (in days) (d) Working capital…
Exercise 5-9 During the next fiscal year ending June 30. 2020, Texas Company will mmake substantial investments in new product lines and in a modernization program. Significant changes to be made during the year are listed below: 1. Equipment with a net b0ok value of P86,000 will be sold during the year. 2. All of the capital stock of Ohio Company will be exchanged with 5,000 shares of Texas Company at a time when the market value is P40 per share. P250,000 cash will also be given as part payment. 3. Bonds having a face value of P1,000,000 will be issued on June 30, 2020 at 98%. 4. Trading securities carried at market value of P200,000 will be sold for P215,000. 5. New equipment will be purchased during the year. 6. A new building will be purchased at a cost of P1,000,000, although there are no building retirements. 7. Cash dividends will be paid to stockholders. The financial statements forccast for the year ended June 30, 2020 are given next page:
Q4 Corporation financial statements at December 31 (in millions) ASSETS Cash LIABILITIES Accounts payable Notes payable Accrued wages Accrued taxes Total current liabilities 20X9 S10 5. 3. 2. 20X8 20X9 $5 10 15 20X8 $ 8 5. 2. 3. $ 4 Accounts receivable Inventory 12 Total current assets Long-term debt Common stock Retained carnings Total Net fixed assets 40 40 20 10 20 10 15 20 Total Sales $95, Cost of goods sold $50, Selling, general, and administrative expenses S15. Depreciation $3,Interest $2, Taxes $10 (a) Prepare a flow of funds statement for 20X9 for the Corporation (b) Prepare a cash flow statement using the indircct method for Corporation.
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 Content Area Hsu Company reported the following on its income statement: Income before income taxes $325,364 Income tax expense 97,609 Net income $227,755 Interest expense was $73,540. Hsu Company's times interest earned ratio (rounded to two decimal places) is a.4.42 times b.3.1 times c.2.1 times d.5.42 times
Exercise 8-17A Calculate and analyze liquidity ratios (LO8-6) Selected financial data regarding current assets and current liabilities for Queen's Line, a competitor in the cruise line industry, is provided: ($ in millions) Current assets: Cash and cash equivalents Current investments Net receivables. Inventory Other current assets Total current assets Current liabilities: Accounts payable Short-term debt Other current liabilities Total current liabilities Current Ratio $ 351 76 204 114 134 $879 Required: 1. Calculate the current ratio and the acid-test ratio for Queen's Line. (Enter your answers in millions, not in dollars. For example, $5,500,000 should be $ 5.5.) Acid-Test Ratio $1,190 689 924 $2,803
Question 12 The following data pertain to Gliezel company on December 31, 20B: Trade accounts payable, including cost of goods received on consignment of P180,000 is 1,620,000; Accrued taxes payable, 150,000; Customers' deposit, 120,000; Cherry company as guarantor, 240,000; Bank overdraft, 66,000; Accrued electric and power bills, 72,000; Reserve for contingencies, 180,000. How much should be shown as total current liabilities? CHOICES 2,208,000 2,088,000 1,980,000 1,848,000
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