Soft Bound Version for Advanced Accounting 13th Edition
13th Edition
ISBN: 9781260110579
Author: Hoyle
Publisher: McGraw Hill Education
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Chapter 10, Problem 21P
To determine
Identify the appropriate answer for the given statement from the given choices.
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Below is the financial information from thế comparative statements of Pahd ana
Company. (In Thousands)
PAND CO.
EMIC CO.
2019
2018
2019
2018
Sales
Cost of Goods Sold
Selling expenses
Net Income
Р 3,400
1,700
1,000
P 700
P 4,400
2,300
1,500
P 600
P 5,300
3,100
1.500
P 700
P 4,900
2,100
1.900
P 900
Accounts receivable
Inventory
Fixed Assets
Total Assets
P 3,600
1,000
2,300
P6,500
P 1,900
1,900
1.000
P 4,800
P 500
1,000
Р3,100
2,000
2.000
P 7,100
please help me solve
For Financial year 2021:
Current ratio = Current assets / Current liabilities = 43.133 / 29.613 = 1.46 (2.d.p)
Debt-to-equity = Total liabilities / Total equity = (29.613 + 25.382) / 47.069 = 1.17 (2.d.p)
Return on total assets = Net profit / Average total assets = (-11.195) / 101.964 = -0.11 (2.d.p)
Profit margin ratio = Net profit / Net sales = (-11.195) / 81.79 = -0.14 (2.d.p)
Debt-to-asset = Total liabilities / Total assets = (29.613 + 25.382) / 101.964 = 0.54 (2.d.p)
Cash flow on total assets = Net cash flow from operating activities / Average total assets = 4.717 / 101.964 = 0.05 (2.d.p)
For Financial year 2022:
Current ratio = Current assets / Current liabilities = 49.476 / 32.754 = 1.51 (2.d.p)
Debt-to-equity = Total liabilities / Total equity = (32.754 + 27.625) / 46.732 = 1.29 (2.d.p)
Return on total assets = Net profit / Average total assets = (-0.336) / 107.111 = -0.003 (3.d.p)
Profit margin ratio = Net profit / Net sales = (-0.336) / 115.56 = -0.003 (3.d.p)
Debt-to-asset…
Chapter 10 Solutions
Soft Bound Version for Advanced Accounting 13th Edition
Ch. 10 - Prob. 1QCh. 10 - What causes balance sheet (or translation)...Ch. 10 - Prob. 3QCh. 10 - Prob. 4QCh. 10 - Prob. 5QCh. 10 - Prob. 6QCh. 10 - Prob. 7QCh. 10 - Prob. 8QCh. 10 - Prob. 9QCh. 10 - Prob. 10Q
Ch. 10 - Prob. 11QCh. 10 - Which translation method does U.S. GAAP require...Ch. 10 - Prob. 13QCh. 10 - Prob. 1PCh. 10 - Prob. 2PCh. 10 - Prob. 3PCh. 10 - Prob. 4PCh. 10 - Prob. 5PCh. 10 - Prob. 6PCh. 10 - Prob. 7PCh. 10 - Prob. 8PCh. 10 - What amount does Newberrys consolidated income...Ch. 10 - Prob. 10PCh. 10 - Prob. 11PCh. 10 - Prob. 12PCh. 10 - Prob. 13PCh. 10 - Prob. 14PCh. 10 - Prob. 15PCh. 10 - Prob. 16PCh. 10 - Prob. 17PCh. 10 - A foreign subsidiarys functional currency is its...Ch. 10 - Prob. 19PCh. 10 - Prob. 20PCh. 10 - Prob. 21PCh. 10 - Prob. 22PCh. 10 - The following accounts are denominated in rubles...Ch. 10 - Prob. 24PCh. 10 - Prob. 25PCh. 10 - Sullivans Island Company began operating a...Ch. 10 - Prob. 27PCh. 10 - Prob. 28PCh. 10 - Prob. 29PCh. 10 - Prob. 30PCh. 10 - Prob. 31PCh. 10 - Prob. 32PCh. 10 - Prob. 33PCh. 10 - The following account balances are for the Agee...Ch. 10 - Prob. 35PCh. 10 - Prob. 36PCh. 10 - Prob. 37PCh. 10 - Prob. 38PCh. 10 - Prob. 1DYSCh. 10 - RESEARCH CASE 2FOREIGN CURRENCY TRANSLATION...Ch. 10 - Prob. 3DYSCh. 10 - Prob. 4DYSCh. 10 - Prob. 5DYS
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