
Expenses:
The expenses that occur during business are called business expenses. To earn revenue some relevant expenses have to pay. Expense may be operating expenses or non operating expense.
Liabilities:
Liabilities are generally the amount owned by the company from lenders, suppliers, or bank. Liabilities are the burden on the company that they have to pay to others.
Equity:
The Company needs finance to run the business. Equity is one of the method through which the company raise the capital.
Return on Assets:
The return on assets is the return earned on the amount invested in assets. The return on assets is also known as the
1.
To compute: Return on assets of S.D Manufactures
2.
To compare: The return on asset of S.D manufactures and its competitor in part 1.
3.
To compute: The total expenses of S.D manufacture.
4.
The average total amount of liabilities and equity of S.D Manufactures.

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Chapter 1 Solutions
FINANCIAL ACCT.FUND.(LOOSELEAF)
- I am trying to find the accurate solution to this general accounting problem with appropriate explanations.arrow_forwardCan you help me solve this general accounting question using valid accounting techniques?arrow_forwardI need the correct answer to this general accounting problem using the standard accounting approach.arrow_forward
- Please explain the solution to this general accounting problem using the correct accounting principles.arrow_forwardConsider how the role of accountants has changed over time. Just a few short decades ago, many accountants were writing down by hand each business transaction into a general journal, manually posting to the general ledger, and physically adding ledger figures to construct trial balances and financial statements. Imagine how many people it took to perform these processes and then imagine how many organizations needed these people.” Accounting is changing once again. The relentless adoption of new technology continues to increase the automation of routine processes that accountants have performed for centuries… While this reality of machine learning and artificial intelligence could be perceived as a threat to the accounting profession, it should instead be seen as an opportunity: accountants can once again shed the responsibility for mundane, time-consuming transactions and focus instead on value-added activities. Accountants can leverage their newfound time into driving business…arrow_forwardDefine working capital and explain its importance in financial health and liquiditymanagement.2. Assess how the matching concept and accrual basis affect the reporting ofcurrent assets and liabilities.3. Using a hypothetical balance sheet (you may create one), identify at least 5current assets and 5 current liabilities and analyze how changes in theseelements affect liquidity ratios.4. Recommend at least two strategies to optimizeworking capital.arrow_forward
- Financial And Managerial AccountingAccountingISBN:9781337902663Author:WARREN, Carl S.Publisher:Cengage Learning,
