Chapter 12, Problem 12.7E

Assuming that you are analysing the following company’s assets and obligations:   year  2020 2019 current assets 6,857 6,877 current liabiities  4,732 4,374 Calculate its working capital and current ratio. Which would be a better year?

Required: For each of the following accounts, what amount will Voltac report on its 2024 financial statements? a. Inventory b. Cost of goods sold c. Sales d. Accounts receivable e. Accounts payable f. Cash

Compare and explain the data presented ( Year 2019-2020) in the balance sheet. Provide the accounting concepts/policies used.

he following items are included in the financial statement of ABC BHD for 2019: Instruction: 1. Compute the net profit for the year. 2. What is the retained earnings figure that would appear on the balance sheet at December 31, 2019? 3. Prepare a classified balance sheet for ABC BHD at December 31, 2019,assuming the note payable is a long-term debt

Please answer what’s in red only.

The following historical information is from Assisi Community Markets. Calculate the working capital and current ratio for each year. What observations do you make, and what actions might the owner consider taking?

Selected accounts from the ledger of Restoration Arts for the fiscal year ended April 30, 2019, are as follows: Prepare a statement of owners equity for the year.

The entity has collected P20,000 interest during 2020.  While P3,700 is recorded in interest receivable on its December 31, 2020 statement of financial position and P10,000 on December 31, 2019. The interest revenue to be reported in the Company’s statement of comprehensive income for 2020 is?

Select any THREE companies listed in the consumer products and services sector, on the Main Market of Bursa Malaysia. Analyse and compare the companies liquidity and asset management ratios for the financial years 2020, 2021, and 2022. The assignment should highlight the following aspects:Introduction of the selected companies; Calculation of relevant liquidity and asset management ratios;Analysis of the relevant liquidity and asset management ratios; Comparison of the companies financial position; andSummary of the assignment. 1. Clear and detailed introduction of the companies that covers the companies' names, establishment year, company size and business activities. 2. Able to identify and explain clearly all the similarities and differences between the three companies in their liquidity and asset management position. Able to suggest ways to improve the financial position of the companies.