ACTIVITY 1 The information below was extracted from the financial records of Sunrise Traders S Sun and R Rise as partners REQUIRED 1 Use the information to calculate the following: 1 Current ratio 2 Acid test ratio 3 Stock turnover rate 4 Period of stock on hand 5 Debtors' collection period 6 Creditors' payment period 2 Comment on the results. INFORMATION 2012 390 000 910 000 2013 420 000 980 000 75% of sales 75% of sales 40 000 58 000 27 000 74 000 6 000 30 days 60 days Sales - credit sales cash sales Cost of sales Trading stock Debtors control Bank-favourable Creditors control Accrued expense Credit terms for debtors Credit terms for creditors 36 000 54 000 23 800 78 000 2 400 30 days 60 days The ratios for 2012 are as follows: 2012 1,4:1 0,96:1 20 times per year 20 days 45 days 29 days Current ratio Acid test ratio Stock turnover rate Stock holding period Debtors collection period Creditors payment period

ACTIVITY 1 The information below was extracted from the financial records of Sunrise Traders S Sun and R Rise as partners REQUIRED 1 Use the information to calculate the following: 1 Current ratio 2 Acid test ratio 3 Stock turnover rate 4 Period of stock on hand 5 Debtors' collection period 6 Creditors' payment period 2 Comment on the results. INFORMATION 2012 390 000 910 000 2013 420 000 980 000 75% of sales 75% of sales 40 000 58 000 27 000 74 000 6 000 30 days 60 days Sales - credit sales cash sales Cost of sales Trading stock Debtors control Bank-favourable Creditors control Accrued expense Credit terms for debtors Credit terms for creditors 36 000 54 000 23 800 78 000 2 400 30 days 60 days The ratios for 2012 are as follows: 2012 1,4:1 0,96:1 20 times per year 20 days 45 days 29 days Current ratio Acid test ratio Stock turnover rate Stock holding period Debtors collection period Creditors payment period

Name: ACTIVITY 1The information below was extracted from the financial reco
Uploaded: 2022-11-18T00:26:54.000Z
Channel: Bartleby
Description: ACTIVITY 1The information below was extracted from the financial records of Sunrise Traders,S Sun and R Rise as partnersREQUIRED1Use the information to calculate the following:1 Current ratio2 Acid test ratio3 Stock turnover rate4 Period of stock on

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter17: Financial Statement Analysis

Section17.4: Analyzing Financial Statements Using Financial Ratios

Problem 1WT

See similar textbooks

Similar questions

Following is the shareholders equity section of All-Wood Doors on a day a. Use the financial statement template below to show the financial statement effects of the following dividend events. (Assume that the events are independent.) (1) Cash dividend declaration and payment of 1 per share (3) Property dividend declaration and payment of shares representing a short-term investment in Screen Products, Ltd., with a fair value of 10,000 (3) 10% stock dividend (4) 100% stock dividend (5) 3-for-1 stock split (6) 1-for-2 reverse stock split b. Which events changed the book value of common equity? Under what conditions will these events lead to future increases and decreases in ROE?
Under What headings will you show the following items in the Balance sheetof a company:1) Securities Premium account2) Preliminary Expenses3) Bills Receivable4) Goodwill5) Authorised share Capital
ASSIGNMENT THREERecent financial information relating to Close Company, a stock market listed company, is as follows. $mProfit after tax (earnings) 66.6Dividends 40.0 Statement of financial position information: $m $mNon‐current assets 595Current assets 125 ––––Total assets 720 ––––Equity:Ordinary shares ($1 nominal)…
Hello please help me answer this problem. With a clear proper format. Thank youuu! On January 1, 2021, Trade Company purchased 40,000 shares at P 100 per share to be held for trading . Brokerage fees amounted to P 120,000. No other transactions occurred in 2021 affecting the investment.What is the initial measurement of the investment? a. P 4,120,000 b. P 4,000,000 c. P 3,920,000 d. P 3,800,000
q3 The Issue of shares by the company to the shareholders for the first time is called as what? a. Public issue b. Offer for sale c. Private Placement d. Rights Issues q4 Which of the following Institutions are compensated via commission after the transaction has been successfully completed for buying or selling securities? a. Investment Company b. Brokerages c. Insurance Companies d. Savings and Loans Association
REQUIRED Use the information provided below to prepare the Statement of Changes in Equity of Sooraya Enterprises/Partnership for the year ended 28 February 2022. INFORMATION Extract from the ledger of Sooraya Enterprises on 28 February 2022 R Capital: Soo 450 000 Capital: Raya 350 000 Current a/c: Soo (01 March 2021) Current a/c: Raya (01 March 2021) Drawings: Soo Drawings: Raya The following must be taken into account: 30 000 CR 25000 DR 220 000 260 000 1. On 28 February 2022 the Profit and Loss account reflected a net profit of R 880 000. 2. Partners are entitled to interest at 12% p.a. on their capital balances. Note: Soo increased her capital contribution by R180 000 on 01 September 2021. The capital increase has been recorded. 3. The partners are entitled to the following monthly salaries for the first 6 months of the financial year: Soo R15 000 Raya R11 000 From 01 September 2021, the partners will be entitled to annual salaries of R144 000 each. 4. Raya is entitled to a bonus…
2. The records of Alamo Corporation showed the following data: (see attached image for the given. Please answer it. Thank you so much!) Direction. From the following independent cases, journalize the dividend declaration and the dividend payment: a) The Board of Directors declared a 10% cash dividend.b) The Board of Directors declared a P5 cash dividend. c) The Board of Directors declared a merchandise dividend of P15 per share.d) The Board declared a property dividend of 2 SMB shares for one Alamo share. SMB shares are selling at P15 but were acquired by Alamo Corporation @ P10. Use PAS 39. SMC shares are considered available for sale securities. e) The Board declared a 22% stock dividend. Stocks are selling at P105 per share. f) The Board declared a 12% stock dividend. Market value of stock is P120.
Current Attempt in Progress Covington Inc. is considering one of the three following courses of action: (1) paying a $0.50 cash dividend, (2) distributing a 5% stock dividend, or (3) effecting a 2-for-1 stock split. The current share price is $13 per share. 4 Help Covington make its decision by completing the following chart (treat each possibility independently): Total assets Total liabilities Shareholders' equity Common shares Retained earnings Total shareholders' equity Before Action $1,366,000 $248,000 570,000 548,000 1,118,000 $ $ (1) After Cash Dividend $ $ (2) After Stock Dividend LA 10001
he information below relates to questions 1 – 16. The following information pertains to Honey Limited. Extract from ledger account balances as at 30 September: 2022 2021 R R Share capital: Ordinary shares 380 500 338 300 Share capital: Preference shares 291 000 264 700 Retained earnings 66 200 48 400 Long-term loan - ABC Bank 88 000 120 000 Land and buildings at cost 623 000 401 000 Machinery and equipment at carrying amount 262 300 222 700 Inventory 83 500 73 000 Trade receivables control 92 700 83 300 Listed investments 110 000 0 Bank 25 200 46 300 Trade payables control 66 500 52 600 SARS (income tax) 63 400 48 700 Dividends payable 46 200 62 000 Dividends receivable 0 0 Accrued expenses (wages) 0 11 400 Prepaid expenses 11 200 4 200 Revenue 805 800 Cost of sales 392 400 Administrative, distribution and other expenses 160 200 Fair value gain on listed investments 8 600 Dividends income 20 800 Loss on sale of machinery…
In column A, identify the account to which element it belongs whether Current Asset (CA), Noncurrent Assets (NCA), Current Liabilities (CL), Noncurrent liabilities (NCL) or Shareholders’ equity (SHE). In column B, indicate the line item to which the account belongs. Column A Column B1. Share Capital2. Accounts Payable 3. Plant Expansion Fund4. Trading Securities 5. Employees income tax payable6. Goodwill 7. Raw Materials8. Share Premium 9. Advances from customers 10. Serial bonds not collectible currently 11. Investment in Bonds 12. Notes Payable 13. Prepaid Insurance 14. Income Tax Payable 15. Land
Fact finding of the trading on ASXDo a fact finding to answer the following questions:(1) Identify at least 5 types of information the public companies provide on the area of Previous Trading Day Announcement.(2) How are the dividend released by the public companies listed on ASX. Briefly explain the concepts of ex-dividend date, record date, date payable, dividend franking and type of dividends by the companies listed on ASX.(3) Name 7 types of trading reports listed in ASX 24 Reports. Briefly describe the content of each report.(4) How many types of calculators available on ASX website for the usage of investors and practitioners? Name them and explain the usage of each calculator.(5) What are the questions you should ask your broker before you start trading? 2.2 Fact Finding of financial market regulator in Australia
Assignment Content 1. Determine the Basic and Diluted Earnings Per Share for Company X. All necessary Information is listed below. Show your calculations. 2. In 100 words, or fewer, explain why investors should be more interested in the the Diluted EPS number than the Basic EPS number. Company X information for Diluted Shares calculations for period 201X: Earnings for Year 201X - $20 million Average Basic shares outstanding for Company X in 201X – 10 million Average Stock Price for year 201X - $6.00 Warrants to purchase common shares: - Warrants A to purchase 2 million shares ex @ $2.00 - Warrants B to purchase 3 million shares ex @ $5.00. Assume the A and B Warrants are the only additional securities outstanding (besides the basic shares) for Company X in 201X. Hint: Carefully Review PowerPoint lecture slides 7 - 12, Text pages 245 -246, and the Podcast. Also, there is nothing wrong with looking up other Diluted EPS definitions online.