QUESTIONS 1. Determine the total asset of each bank in each year and provide this information in a Table, where column refers to years and rows refer to the bank specific total asset for the year. Summary statements of financial position at 31 December 2019BankAssetsCash and cash equivalentsNon-pledged trading assetsInvestment securitiesLoans and advances to customersCurrent tax assetsOther assetsEquityStated capitalReservesRetained earningsStatutory reserveStatutory credit risk reserveOther reserveGroupLiabilitiesTrading liabilitiesDeposit and current accountsDeposits from banksDeposits from customersDeferred tax liabilitiesProvisions and other liabilitiesSubordinated debtTotal equity and liabilities20192018GHS'000 GHS'000Investment in subsidiaryIntangible assets78,112Property, equipment and right of use assets 229,442Total assets2,927,680 1,709,104 2,927,680642,833 634,614642,833671,064685,248668,3943,946,5912,584,7353,946,59119,938779,82654,790375,2089,295,486 6,205,010414,213941,430479,00673,58187,7301,355,643 1,075,374388,01973,732673414,213661,161223,032317,695119,7616737,939,8435,129,636102,539127,3607,284,4114,501,166529,142218,8556,755,269 4,282,3112019GHS'0002,226110467,111366,77883,556134,2229,295,486 6,205,01019,849780,447414,213941,989479,565388,01973,7326732018GHS'0002,50078,11270,00229,27687,7299,295,682 6,205,0187,939,480102,5397,284,454529,1426,755,3121,707,136634,614682,2642,584,7351,356,202 1,075,2902,226466,70583,5569,295,6821414,213661,077222,948317,695119,7616735,129,728127,3604,501,390218,8554,282,535110366,646134,2226,205,018 Condensed Statement of Financial Positionas at 31 December 2020(all amounts are expressed in thousands of Ghana Cedis)AssetsCash and cash equivalentsNon pledged trading assetsDerivative assetsLoans and advances to banksLoans and advances to customersInvestment securitiesOther assetsProperty and equipmentIntangible assetsDeferred tax assetsTotal assetsLiabilitiesDerivative liabilitiesDeposits from banksDeposits from customersBorrowingsCurrent tax liabilitiesRetirement benefit obligationOther liabilitiesTotal liabilitiesCapital and reservesStated capitalRetained earningsStatutory reserveCredit risk reserveOther reservesTotal equityTotal equity and liabilities2020GHS'0001,510,299 1,532,6552,192,3672,866,3652019GHS'00039,28354,425244,620209,5014,481,1734,082,2953,318,260 2,550,401539,790319,669161,460105,1741,48177157,74051,29012,546,473 11,772,54650,31233,140384,356414,0896,506,449 5,142,9072,695,0193,927,2403,1851,69188,47875,669870,268544,68810,598,067 10,139,424400,000968,311544,67540,135(4,715)1,948,406400,000683,756485,784112,453(48,871)1,633,12212,546,473 11,772,546

Total Assets :— Total Assets include Current Assets or Non Current Assets. Where, Current Assets…

Answered: QUESTIONS 1. Determine the total asset…

QUESTIONS 1. Determine the total asset of each bank in each year and provide this information in a Table, where column refers to years and rows refer to the bank specific total asset for the year.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: If there is no preferred stock, the return on common equity for 20X2 is (rounded): Multiple Choice…

A: Return on common equity indicates the percentage earn by the business on its total common equity.

Q: Refer to the exhibit. If Bank QRS's assets rise by 3 percent and its liabilities rise by 2 percent,…

A: A balance sheet is a financial statement that represents the financial position of a company as on a…

Q: Common-size Balance Sheet. Explain what it is and why it is used in business. Prepare common-size…

A: A Common-Size Balance Sheet expresses each asset and liability as a percentage of the total assets,…

Q: Presented below is a list of balance sheet accounts. Accounts payable Accounts receivable.…

A: BALANCE SHEET Balance Sheet is one of the important Financial Statements of the Company. Balance…

Q: Identify how each of the following separate transactions through 10 affects financial statements.…

A: The computation balance sheet is prepared to show the assets, liabilities, and shareholders' funds.…

Q: Indicate how the accounts normally should be categorized on a classified balance sheet. Also…

A: The balance sheet is one of the important financial statements of the business. It tells about the…

Q: Tabor Company has just prepared the following comparative annual financial statements for the…

A: Total Asset Turnover Ratio :— It is calculated by dividing net sales by average total assets.…

Q: a- Accrued liabilities b- Balance sheet c- Cash equivalent d- Current assets

A: The objective of the question is to match the terms and phrases associated with the balance sheet…

Q: Prepare a vertical analysis of both the balance sheets and income statements for Year 4 and Year 3.…

A: Balance Sheet is the financial statement that records all the assets, liabilities and stockholders'…

Q: le 7,000,000 000 000 4,

A: Profit on Sale of Investment= Sales Proceeds - Cost of Investment = 1250,000-(1750,000-1000,000)…

Q: dentify whether the proper classification for each account: Accounts receivable [Select] | Select]…

A: The balance sheet represents the assets, liabilities and shareholders’ equity on a particular date.…

Q: Indicate the effect of the transactions listed in the following table on total current assets,…

A: Cash is obtained through short-term bank loans. Here, current liability is increasing and also cash…

Q: Income Statement ($K) Period Ending Total Revenue Cost of Revenue Gross Profit SG&A Non Recurring…

A: Answer Formula SG&A / Total Revenue SG&A / Total Revenue SG&A / Total Revenue…

Q: Consider a bank with the following balance sheet (Shown in image): a) Calculate the equity (total…

A: Since, there are more than three parts asked in the question, answer for first three parts are…

Q: What kind of assets are cash and other assets that are expected to be converted to cash or sold or…

A: The financial statement consists of mainly three statements Income statement Balance sheet Cash…

Q: Required: Match each term with its related definition by selecting the appropriate letter from the…

A: The accounting consists of various terms including assets, liabilities and other related terms.

Q: Question 3: Use the following information on Assets to calculate the weighted average duration for…

A: The weighted average duration is a measure used in finance to assess the sensitivity of a portfolio…

Q: What is unique about reporting current assets? Current assets are reported after they are converted…

A: Current assets can be exchanged for cash within a year.

Q: The following schedule of assets and liabilities relates to Kona Enterprises. Their year-end is 28…

A: Current Asset - Current assets are the assets Which are expected to be realize or converted into…

Question

QUESTIONS 1. Determine the total asset of each bank in each year and provide this information in a Table, where column refers to years and rows refer to the bank specific total asset for the year.

Summary statements of financial position at 31 December 2019
Bank
Assets
Cash and cash equivalents
Non-pledged trading assets
Investment securities
Loans and advances to customers
Current tax assets
Other assets
Equity
Stated capital
Reserves
Retained earnings
Statutory reserve
Statutory credit risk reserve
Other reserve
Group
Liabilities
Trading liabilities
Deposit and current accounts
Deposits from banks
Deposits from customers
Deferred tax liabilities
Provisions and other liabilities
Subordinated debt
Total equity and liabilities
2019
2018
GHS'000 GHS'000
Investment in subsidiary
Intangible assets
78,112
Property, equipment and right of use assets 229,442
Total assets
2,927,680 1,709,104 2,927,680
642,833 634,614
642,833
671,064
685,248
668,394
3,946,591
2,584,735
3,946,591
19,938
779,826
54,790
375,208
9,295,486 6,205,010
414,213
941,430
479,006
73,581
87,730
1,355,643 1,075,374
388,019
73,732
673
414,213
661,161
223,032
317,695
119,761
673
7,939,843
5,129,636
102,539
127,360
7,284,411
4,501,166
529,142
218,855
6,755,269 4,282,311
2019
GHS'000
2,226
110
467,111
366,778
83,556
134,222
9,295,486 6,205,010
19,849
780,447
414,213
941,989
479,565
388,019
73,732
673
2018
GHS'000
2,500
78,112
70,00
229,276
87,729
9,295,682 6,205,018
7,939,480
102,539
7,284,454
529,142
6,755,312
1,707,136
634,614
682,264
2,584,735
1,356,202 1,075,290
2,226
466,705
83,556
9,295,682
1
414,213
661,077
222,948
317,695
119,761
673
5,129,728
127,360
4,501,390
218,855
4,282,535
110
366,646
134,222
6,205,018

Condensed Statement of Financial Position
as at 31 December 2020
(all amounts are expressed in thousands of Ghana Cedis)
Assets
Cash and cash equivalents
Non pledged trading assets
Derivative assets
Loans and advances to banks
Loans and advances to customers
Investment securities
Other assets
Property and equipment
Intangible assets
Deferred tax assets
Total assets
Liabilities
Derivative liabilities
Deposits from banks
Deposits from customers
Borrowings
Current tax liabilities
Retirement benefit obligation
Other liabilities
Total liabilities
Capital and reserves
Stated capital
Retained earnings
Statutory reserve
Credit risk reserve
Other reserves
Total equity
Total equity and liabilities
2020
GHS'000
1,510,299 1,532,655
2,192,367
2,866,365
2019
GHS'000
39,283
54,425
244,620
209,501
4,481,173
4,082,295
3,318,260 2,550,401
539,790
319,669
161,460
105,174
1,481
771
57,740
51,290
12,546,473 11,772,546
50,312
33,140
384,356
414,089
6,506,449 5,142,907
2,695,019
3,927,240
3,185
1,691
88,478
75,669
870,268
544,688
10,598,067 10,139,424
400,000
968,311
544,675
40,135
(4,715)
1,948,406
400,000
683,756
485,784
112,453
(48,871)
1,633,122
12,546,473 11,772,546

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

what are the three sections for debits, credits, and total. Here is a picture with an empy cells for what it should look like. The blue cells should be from the chart of accounts
Common categories of a classified balance sheet include Current Assets, Long-Term Investments, Plant Assets, Intangible Assets, Current Liabilities, and Long-Term Liabilities. For each of the following items, identify the balance sheet category where the item would best appear. Items Balance Sheet Category 1. Notes payable (due in five years) 2. Supplies 3. Land 4. Copyrights 5. Prepaid insurance (expires in 3 months) 6. Accounts receivable 7. Income taxes payable (due in 1 month) 8. Accounts payable
The calculation of working capital requires the inclusion of: A.liabilities expected to be paid in more than 1 year B.current assets minus total liabilities C.assets expected to be used,sold or converted to cash within 1 year D.total assets and total liabilities
Question Content Area Use the information provided for Harding Company to answer the question that follow. Harding Company Accounts payable $31,654 Accounts receivable 69,987 Accrued liabilities 6,524 Cash 16,364 Intangible assets 38,210 Inventory 80,832 Long-term investments 90,451 Long-term liabilities 73,398 Notes payable (short-term) 26,425 Property, plant, and equipment 659,739 Prepaid expenses 1,697 Temporary investments 38,252 Based on the data for Harding Company, what is the amount of quick assets?
6d photo, thank you.
! Required information Problem 12-6A (Algo) Use ratios to analyze risk and profitability (LO12-3, 12-4) [The following information applies to the questions displayed below.] Income statements and balance sheets data for Virtual Gaming Systems are provided below. Net sales Cost of goods sold Gross profit Expenses: VIRTUAL GAMING SYSTEMS Income Statements For the Years Ended December 31 2025 $3,495,000 2,477,000 1,018,000 Operating expenses Depreciation expense Loss on sale of land Interest expense Income tax expense Total expenses Net income 952,000 27,000 16,500 7,700 1,003, 200 14,800 2024 $3,021,000 1,947,000 1,074,000 855,000 25,500 7,700 13,500 46,500 948, 200 125,800
Can you add the information to the table below. Accounts Receivable Beginning balance Ending Balance 0 What is the net increase or decrease in the Cash account for year 2021?
Balance Sheet Prepare a vertical analysis of the balance sheets for Year 4 and Year 3. Note: Percentages may not add exactly due to rounding. Round your answers to 2 decimal places. (L.e., .2345 should be entered as 23.45). Assats Current assets Cash Income Statement Marketable securities Accounts receivable (net) Inventories Prepaid Items Total current assets Investments Plant (net) Land Total long-term assets Total assets Liabilities and stockholders' equity Liabilities Current liabilities Notes payable Accounts payable Salaries payable Total current liabilities Noncurrent liabilities Bonds payable Other FANNING COMPANY Vertical Analysis of Balance Sheeta Year 4 Total noncurrent liabilales Total abilities Stockholders' equity Preferred stock (par value $10, 4% cumulative, nonparticipating: 6,600 shares authorized and issued) Common stock (no par; 50,000 shares authorized; 10,000 shares issued) Retained earnings Total stockholders' equity Total liabilities and stockholders' equity…
Select the financial statement to which the item belongs. Items a. The change in retained earnings due to net income and dividends. b. Amount of cash received from borrowing money from a local bank. c. Revenue from sales to customers during the year. d. Total amounts owed to workers at the end of the year. Financial Statements
Common categories of a classified balance sheet include Current Assets, Long-Term Investments, Plant Assets, Intangible Assets, Current Liabilities, Long-Term Liabilities, and Equity. For each of the following items, identify the balance sheet category where the item typically would best appear. If an item does not appear on the balance, indicate that instead. Account Title 1. Notes receivable (due in 2 years) 2. Trademarks 3. Cash 4. Patents 5. Interest receivable 6. Machinery 7. Prepaid rent (2 months of Rent) 8. Equipment 9. Repairs expense 10. Land Classification Account Title 11. Depreciation expense Building 12. Office equipment 13. Prepaid Insurance (expires in 5 months) 14. Buildings 15. Bonds payable (due in 10 years) 16. Trucks 17. Mortgages payable (due in 6 years) 18. Automobiles 19. Notes payable (due in 3 years) 20. Utilities expense Classification
Required: a. What is the ratio of real assets to total assets? (Hint: for this question, only include those listed under "Real assets") b. What is the ratio of real assets to total assets for nonfinancial firms in the following table? Assets Real assets Equipment and intellectual property Real estate Inventories Total real assets Financial assets Deposits and cash Marketable securities Required A $ Billion $ 8,345 14,423 2,724 $ 25,492 Required B $ 2,333 4,059 4,075 14,005 $ 24,472 $ 49,964 % Total 16.7% 28.9 5.5 51.0% 4.7% 8.1 8.2 28.0 49.0% 100.0% Liabilities and Net Worth Liabilities Debt securities Bank loans & mortgages Other loans Trade debt Other Total liabilities Complete this question by entering your answers in the tabs below. Net worth $ Billion Trade and consumer credit Other Total financial assets TOTAL Balance sheet of U.S. nonfinancial corporations Note: Column sums may differ from total because of rounding error. Source: Flow of Funds Accounts of the United States,…
Use the following balance sheet data to compute the net operating working capital. Cash Accounts Receivable Inventory Current Assets Net fixed assets Total assets $60 160 200 $420 $700 $1,120 Account payable Accruals Notes payable Current liabilities Long-term debt Common equity Retained earnings Total liabilities and equity $180 110 200 $490 250 160 220 $1,120