12,13,14 Can You Solve the Problem?Directions: Read and analyze the problemthen prepare the recessary requirements.Veery Beery CompanyStatement of Financial PositionFor the Year-ended December 312019P 400,0005,600,0001,480,0001,380,0008,860,00010,860,0006,800,000P 17,660,000P 6,600,0002020180,0001,800,0001,060,0001,640,0004,680,000CashShort-term investmentsAccounts receivableInventoryOther Cunent AssetsPTotal Cunent AssetsEquipmentTotal AssetsAccounts PayableNotes Payable - long temOwner, Capital|Total liabilities and equity5,040,0005,200,000P 10,240,000P 2,620,0002,120,0005,500,000P 10,240,0002,460,0008,600,000P 17,660,000Veery Beery CompanyStatement of Comprehensive IncomeFor the Year-ended December 31SalesCost of Goods SoldGIDss ProfitOperating Expenses| Operating IncomeInterest ExpenseNet Income2019P 10,040,0005,680,0004,360,0001,160,0003,200,000100,000P 3,1000,0002020P 8,760,0005,860,0002,800,0001,680,0001,220,00028,000P 1,192,000Requirements: Compute for the following financial ratios.1. Current ratioQuick ratio3. Working capital4. Inventory tumover5. Days of inventory (use 365 days)6. Accounts receivable tumover (assume all sales are on credit)7. Days of receivable (use 365 days)8. Debt ratio9. Equity ratio10. Debt-to-equity ratio11. Gross profit ratio12. Net profit ratio13. Retum on assets14. Retum on equity

Ratio Analysis - The ratio is the technique used by the prospective investor or an individual or…

Veery Beery Company Statement of Financial Position For the Year-ended December 31 Cash Short-term investments | Accounts receivable |Inventory Other Cunent Assets Total Cunent Assets Equipment Total Assets Accounts Payable Notes Payable - long tem |Owner, Capital Total liabilities and equity 2019 P 400,000 5,600,000 1,480,000 1,380,000 8,860,000 10,860,000 6,800,000 P 17,660,000 P 6,600,000 2,460,000 8,600,000 P 17,660,000 2020 P 180,000 1,800,000 1,060,000 1,640,000 4,680,000 5,040,000 5,200,000 P 10,240,000 P2,620,000 2,120,000 5,500,000 P 10,240,000

Veery Beery Company Statement of Financial Position For the Year-ended December 31 Cash Short-term investments | Accounts receivable |Inventory Other Cunent Assets Total Cunent Assets Equipment Total Assets Accounts Payable Notes Payable - long tem |Owner, Capital Total liabilities and equity 2019 P 400,000 5,600,000 1,480,000 1,380,000 8,860,000 10,860,000 6,800,000 P 17,660,000 P 6,600,000 2,460,000 8,600,000 P 17,660,000 2020 P 180,000 1,800,000 1,060,000 1,640,000 4,680,000 5,040,000 5,200,000 P 10,240,000 P2,620,000 2,120,000 5,500,000 P 10,240,000

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

Determine the range of the following set of values. 48 42 55 28 112 79 95 27 36 14 96 193 191
Data: So 101; X= 114; 1+r= 1.12. The two possibilities for sr are 143 and 85.
how do i do PR 13-3A
Fans Company has two service departments-product design and engineering support, and two production departments - assembly and finishing. The distribution of each service department's efforts to the other departments is shown below: Design SERVICE DEPARTMENT Product Design 0% Engineering Support 20% The direct operating costs of the departments (including both variable and fixed costs) were as follows: Product Design Engineering Support Assembly Finishing Multiple Choice $1,863,265 SERVICES PROVIDED TO Support 10% 0% $623,878 $1,036,122 Assembly 30% 45% $100,000 $ 200,000 $540,000 $ 820,000 The total cost accumulated in the assembly department using the reciprocal method is (calculate all ratios and percentages to 4 decimal places, for example 33.3333%, and round all dollar amounts to the nearest whole dollar) Finishing 60% 35% D
for requirement 17, why do you multiply 120 by 11, where does the 11 come from?
er 31, 2020 al analysis encil only, ennies blank aper properly. lines as
E10.15
Hansen Corporation. a C Corporation (mot a manufacturer) reports the following items in income and expenses for 2021 Gross Revenue $900,000 Dividend Received from 30% owned Corp 200,000 LTCG 30,000 STCL 12000 City of Lee's Summit Bond Interest 10000 COGS 375000 Administrative Expenses 325000 Charitable Contribution 60,000 Compute Hansen's C Corp Taxable income?
What is float ? How float can be reduced mention any 6 to 10 ways
For 36-40: Albert borrowed P180 000 to be repaid with equal quarterly payments for 2 2 years with an interest rate of 9% compounded quarterly. As a collateral, he offered his used car with an appraised value of P250 000 which the lender accepted. Given the first five rows of the amortization table of the loan, answer the questions that follow. Regular Payment Interest Component of Principal Component of Payment Period Loan Balance Payment 180 000.00 163 748.22 147 130.78 20 301.78 4 050.00 16 251.78 20 301.78 3 684.33 16 617.44 16 991.34 17 373.64 130 139.44 112 765.79 3 310.44 20 301.78 20 301.78 2 928.14 112344
The answer is 1,130.55
16. Which form of the report should be in proper format with suitable headings, sub-headings, and paragraphs? a. Graphical Form b. All of the options c. Tabular Form d. Descriptive form