The following information is from DHK Limited's financial statements for the year 2022: Salesto total assets......................2 times Total debts to assets.....................30% Currentratio...............3 times Inventory turnove........................5 times Average collectionperiod... 18 days Sales (all on credit).TZS 400,000,000 Non-current assets turnover.…............5 times Number of days in a yea............... 360 days Required:Construct DHK Limited's Statement of Financial Position in the following form: TZS TZS CashCurrent debts Accounts receivables Non - current debts Inventory Total debts Total currentassets Equity Non - current assets Total assets Total debts and equity

The ratio analysis is performed to determine the financial statement ratio. Ratios may also be used…

Answered: The following information is from DHK…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 4PB

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The following data were taken from the financial statements of Howard Corporation for the year ended December 31, 2014: Net sales .................................................... $120,000Net income ..................................................... 30,000Total assets, January 1, 2014 ..................... 400,000Total assets, December 31, 2014 .............. 600,000 What was Howard's rate of return on assets for 2014? Group of answer choices 6 percent 20 percent 5 percent 24 percent
Following are the data extracted from Alma Corporation, at the end of December 1, 2019: Sales …………14,000,500 Sales Return ……………. P 25,200 Purchases (net) . 2,400,000 Transportation inward … 32,000 Direct Labor …… 3,204,000 FOH (total) ………………….1,885,600 Sales salaries ….. 200,000 Advertising expense…… 155,000 Delivery Expense 65,000 During the year 25,000 units were completed: Inventories December, 2019 January, 2019 Finished Goods ………… P 467,400 ……………. P 620,000 Work in Process ……………….. 136,800 ..…………... 129,800 Materials …………………………. 196,000 …................. 176,000 Required: Compute for the following: (Show your solution in the space provided) 1. Total Factory Cost 2. Cost of Goods Manufactured 3. Per unit cost of goods manufactured 4. Cost of Goods Sold 5. Gross Profit and Net Profit
The following information is available concerning Ambot Corp.’s expected result in 2020: Total sales on account................................................................................ P900,000 Total cash ……………………………………………….. 30,000 Total non-current assets ………………………………. 370,000 Net profit margin............................................................................. 10% Inventory turnover …………………………………………. 4 times Debt ratio ………………………………………………… 40% No. Of days collection period............................... 73 days (based on 365 days) Gross profit margin ……………………………………….. 40% Current ratio ………………………………………………….. 3.0:1 Required: With the above information, construct an income statement and balance sheet with as much as detail as possible. (Show necessary computations)
Using these data from the comparative balance sheets of Concord Company, perform a vertical analysis. Accounts receivable (net) Inventory Total assets (Round percentages to 1 decimal place, e.g. 12.1%.) December 31, 2022 December 31, 2021 $418,320 $425,250 816,720 787,500 2,490,000 3,150,000 December 31, 2022 December 31, 2021 Amount Percentage Amount Percentage Accounts receivable (net) $418,320 % $425,250 % Inventory Total assets 816,720 % 787,500 % 2,490,000 % 3,150,000 %
1. Multiple-step and single step income statement. Holler, Inc. has the following data for the year ended December 31, 2021: Discontinued operations loss ......................................... $20,000 Sales discounts…………………………………………………………..5,000 Cost of goods sold ......................................................... 145,000 Rent revenue……………………………………………………………12,000 Interest expense ............................................................ 2,000 Selling expenses ........................................................... 15,000 Administrative expenses ................................................ 33,000 Sales ............................................................................. 300,000 Retained Earnings, 1/1/20 ............................................. 280,000 Dividends declared ........................................................ 50,000 Tax rate of 22% on all items Shares of common stock outstanding, 10,000 Instructions a. Prepare a multiple-step income…
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The following information is available from the annualreport of Frixell, Inc.: Currentliabilities . . . . $300,000Operatingincome . . . . . 240,000Net income . . . . 80,000 Currentassets . . . . $ 480,000Average totalassets . . . . 2,000,000Average totalequity . . . . 800,000Which of the following statements are correct? (More thanone statement may be correct.)a. The return on equity exceeds the return on assets.b. The current ratio is 0.625 to 1.
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Selected ratios of Company X are shown below: Inventory turnover Days' sales uncollected Days' purchases in accounts payable Total asset turnover Equity ratio Times interest earned 2021 5.3 32.4 21.0 2.6 0.8 N.A. 2020 7.1 18.3 20.0 2.5 0.8 N.A. Using the financial ratios provided, analyse the performance of Company X in 2021 compared to the previous year.
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