The Balance Sheet of Punjab Auto Limited as on 31-12-2002 was as follows: Particular Rs. Particular Equity Share Capital Capital Reserve 8% Loan on Mortgage Creditors Bank overdraft Taxation: Current Future Profit and Loss A/c Calculate: i) ii) Current Ratio Quick Ratio 40,000 8,000 32,000 16,000 Stock 4,000 Debtors Plant and Machinery Land and Buildings Furniture & Fixtures Investments (Short-term) 4,000 Cash in hand 4,000 12,000 1,20,000 Rs. 24,000 40,000 16,000 12,000 12,000 4,000 12,000 1,20,000

The Balance Sheet of Punjab Auto Limited as on 31-12-2002 was as follows: Particular Rs. Particular Equity Share Capital Capital Reserve 8% Loan on Mortgage Creditors Bank overdraft Taxation: Current Future Profit and Loss A/c Calculate: i) ii) Current Ratio Quick Ratio 40,000 8,000 32,000 16,000 Stock 4,000 Debtors Plant and Machinery Land and Buildings Furniture & Fixtures Investments (Short-term) 4,000 Cash in hand 4,000 12,000 1,20,000 Rs. 24,000 40,000 16,000 12,000 12,000 4,000 12,000 1,20,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

The following are the Balance Sheets of XYZ Company Ltd. (Rs.in lakhs) 1.1.2020 Rs. 31.12.2020 Rs. Assets : Net Fixed Assets 900 1,000 Cash 50 50 Marketable Securities 100 - Debtors 100 400 Stock of Goods 600 800 Total 1,750 2,250 Liabilities : Equity Shares 500 500 Reserves 400 600 Long-term Debt 100 100 Creditors 200 250 Payables 450 650 Provisions 100 150 Total 1,750 2,250 From the above data, prepare a Comparative Balance Sheet with comments.?
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…
Explain this accounts sum in step by step method.
Cash Flow RatiosSpencer Company reports the following amounts in its annual financial statements: Cash flow from operating activities $90,000 Capital expenditures $59,500* Cash flow from investing activities (68,000) Average current assets 136,000 Cash flow from financing activities (8,500) Average current liabilities 102,000 Net income 42,500 Total assets 255,000 * This amount is a cash outflowa. Compute Spencer's free cash flow.b. Compute Spencer's operating-cash-flow-to-current-liabilities ratio.c. Compute Spencer's operating-cash-flow-to-capital-expenditures ratio. Round ratios to two decimal points. a. Free cash flow Answer b. Operating-cash-flow-to-current-liabilities ratio Answer c. Operating-cash-flow-to-current-expenditures ratio Answer
BestBatteries, Inc just published this Balance Sheet. All dollar amounts are in millions of dollars. Assets Cash 2.5 AR 2.5 Long Term Assets 10.0 Liabilities Accounts Payable 5.0 Loan, repayment due in 3 months, IRR = 7% 3.0 Bond maturing in 10 years, IRR = 10% 2.0 Equity 5.0 What is the company's weighted average, pre-tax cost of debt capital, rD, pre-tax? If not enough information is provided to solve this problem, answer 0.0 (zero).
Peoples Bank Ltd.Balance sheetAs at 31/03/2021Assets $(000) Liab. & Equity $(000)Cash 50,000 Payables 50,000Short term Invest 50,000 short term deposits 500,000Long term Invest. 180,000 long term deposits. 180,000Loans 550,000 Long-term bonds 50,000Other 50,000 Equity 100,000Total 880,000 880,000 The long-term investment portfolio comprises shares in an associate company (25%), azero-coupon bond (25%), government fixed rate bonds (40) and shares in publicly tradedcompanies (10%).The loan portfolio is composed as follows: 10% residential mortgages, 50% consumerand 40% commercial. The loan portfolio has a 5% delinquency, and the average return is8%. Fixed rate loans are 60% and floating rate 40%.Deposits are primarily short term. The renewal rate is declining and expected to continueinto the medium term. The average deposit rate is 4%.Interest rates are expected to rise in the short term for both, loans and deposits. A. Based on the balance sheet and the information above, identify…
Balance Sheet You are evaluating the balance sheet for Campus Corporation. From the balance sheet you find the following balances: Cash and marketable securities = $391,000, Accounts receivable = $191,000, Inventory = $91,000, Accrued wages and taxes = $10,900, Accounts payable = $309,000, and Notes payable = $609,000. What is Campus's net working capital? Multiple Choice $1,601,900 О $673,000 О -$255,900 $928,900
ratio. Deana Company's working capital accounts at December During 19x7, Denna Company completed the following transactions P17-11 Effect of various transa given below: Cash Marketable securities Accounts receivable (net) Inventory - Prepaid expenses Accounts payable Notes due within one year Accrued llabilities. S 50,000 30,000 200,000 210,000 10,000 150,000 30,000 20,000 R Paid a cash dividend previously declared, $12.000 b. Soid inventory costing $50,000 for $30,000, on account Wrote off uncollectible accounts in the amount of $10 000 Declared a cash dividend, $15,000. Paid accounts payable, $50,000. f. Borrowed cash on a short-term note with the bank, $35.000 A Sold inventory costing $15,000 for SI0,000 cash. Purchased inventory on account, $60,000. DI Paid off all short-term notes due, $30,000. Purchased equipment for cash, $15,000. d. e. h. j. Sold marketable securities costing $18,000 for cash, $15,000 k. Collected cash on accounts receivable, $80,000. ves Compute the following…
(a) Calculate current Ratio and Quick Ratio from the followinginformation:Total Assets Rs. 350000Fixed Assets Rs. 175000Investment Rs. 70000Fictitious Assets Rs. 5000Share holders fund Rs. 200000Long term Debts Rs. 100000Inventory Rs. 45000(b) From the following information calculate the stock turnoverratio.Sales Rs. 200000, G.P 25% on cost, Opening Stock was 1/3rd of thevalue of closing stock. Closing stock was 30% of sales
North Star had the following data (thousands of dollars): Cash and equivalents 100.00 Fixed assets 283.50 Sales 1,000.00 Net income 50.00 Current liabilities 105.50 Notes payable to bank 20.00 Current ratio 3.00 DSO 40.55 days ROE 12.00% North Star has no preferred stock—only common equity, current liabilities, and long-term debt. Find North Star’s (6) common equity. Do not round intermediate calculations; round final answers to two decimal places.
Based on the following information,. Purchase of investments $ 434 Dividends paid 278 Interest paid 69 Additional borrowing from bank 565 The cash flows from financing activities under GAAP would $______
Peoples Bank Ltd.Balance sheetAs at 31/03/2021Assets $(000) Liab. & Equity $(000)Cash 50,000 Payables 50,000Short term Invest 50,000 short term deposits 500,000Long term Invest. 180,000 long term deposits. 180,000Loans 550,000 Long-term bonds 50,000Other 50,000 Equity 100,000Total 880,000 880,000 The long-term investment portfolio comprises shares in an associate company (25%), azero-coupon bond (25%), government fixed rate bonds (40) and shares in publicly tradedcompanies (10%).The loan portfolio is composed as follows: 10% residential mortgages, 50% consumerand 40% commercial. The loan portfolio has a 5% delinquency, and the average return is8%. Fixed rate loans are 60% and floating rate 40%.Deposits are primarily short term. The renewal rate is declining and expected to continueinto the medium term. The average deposit rate is 4%.Interest rates are expected to rise in the short term for both, loans and deposits. A. Recommend to management two strategies to reduce each risk B.…