Following are the financial statements of AB Ltd. for 2010.From the aforementioned table, calculate the following:1. Current ratio2. Liquid ratio3. Receivables turnover ratio and collection period4. Inventory turnover and holding period5. Fixed assets turnover6. Total assets turnover7. Debt ratio8. D/E ratio9. Interest coverage ratio10. PAT margin11. ROA12. ROE13. EPS14. D/P ratio15. P/E ratio16. Book value per share Balance sheet ($ in millions)Income statement (S inmillions)2010 Liabilities andowners' equityAssets20102010Current assets:Current liabilities:Sales3,400200 Accounts payableAccounts receivable 500 Bills payableCash400Cost of goods sold1,200100Office and selling600Inventory400 Total currentexpenses500liabilitiesDepreciation102Total current assets 1.100 Long-term liabilities:Earnings beforeinterest and taxes1,498Long-term debt200Interest expense10Total long-termliabilitiesFixed assets:200Earnings before taxes1,4882.400 Shareholders' funds:Property, plant, andequipmentТахes607Net income8812,100 Equity share capital(Si per share)300 Reserves & SurplusLess: Accumulated200depreciationDividends635Net fixed assets500Transfer to reserves and246Total owners' equity 700surplusOther informationNumber of sharesOutstanding (millions)2001,400 Total liability andowners' equityTotal assets1,400Price per share7.31

Name: Following are the financial statements of AB Ltd. for 2010.From the af
Uploaded: 2022-11-18T00:26:54.000Z
Channel: Bartleby
Description: Following are the financial statements of AB Ltd. for 2010.From the aforementioned table, calculate the following:1. Current ratio2. Liquid ratio3. Receivables turnover ratio and collection period4. Inventory turnover and holding period5. Fixed asset

Note: I am supposed to provide the solution of first three sub parts. Please repost the remaining…

Business

Finance

Balance sheet ($ in millions) Income statement (S in millions) Assets 2010 Liabilities and 2010 owners' equity 2010 Current assets: Current liabilities: Sales 3,400 Cash 200 Accounts payable 400 Cost of goods sold 1,200 Accounts receivable 500 Bills payable 100 Office and selling 600 400 Total current liabilities Inventory expenses 500 Depreciation 102 Total current assets 1.100 Long-term liabilities: Earnings before interest and taxes 1,498 Long-term debt 200 Interest expense 10 Total long-term liabilities Fixed assets: 200 Earnings before taxes 1,488 2.400 Shareholders' funds: Property, plant, and equipment Тахes 607 Net income 881 2,100 Equity share capital (Si per share) 300 Reserves & Surplus Total owners' equity 700 Less: Accumulated 200 depreciation Dividends 635 Net fixed assets 500 Transfer to reserves and 246 surplus Other information Number of shares 200 1.400 Total liability and owners' equity Total assets 1,400 Outstanding (millions) Price per share 7.31

Balance sheet ($ in millions) Income statement (S in millions) Assets 2010 Liabilities and 2010 owners' equity 2010 Current assets: Current liabilities: Sales 3,400 Cash 200 Accounts payable 400 Cost of goods sold 1,200 Accounts receivable 500 Bills payable 100 Office and selling 600 400 Total current liabilities Inventory expenses 500 Depreciation 102 Total current assets 1.100 Long-term liabilities: Earnings before interest and taxes 1,498 Long-term debt 200 Interest expense 10 Total long-term liabilities Fixed assets: 200 Earnings before taxes 1,488 2.400 Shareholders' funds: Property, plant, and equipment Тахes 607 Net income 881 2,100 Equity share capital (Si per share) 300 Reserves & Surplus Total owners' equity 700 Less: Accumulated 200 depreciation Dividends 635 Net fixed assets 500 Transfer to reserves and 246 surplus Other information Number of shares 200 1.400 Total liability and owners' equity Total assets 1,400 Outstanding (millions) Price per share 7.31

Fundamentals of Financial Management (MindTap Course List)

15th Edition

ISBN:9781337395250

Author:Eugene F. Brigham, Joel F. Houston

Publisher:Eugene F. Brigham, Joel F. Houston

Chapter4: Analysis Of Financial Statements

Section: Chapter Questions

Problem 24P: Income Statement for Year Ended December 31, 2018 (Millions of Dollars) Net sales 795.0 Cost of...

See similar textbooks

Similar questions

The top part of Rammy's Incorporated's 2022 balance sheet is listed as follows (in millions of dollars). Current assets: Current liabilities: Cash and marketable securities $ 5 Accrued wages and taxes $ 6 Accounts receivable 15 Accounts payable 10 Inventory 95 Notes payable 50 Total $ 115 Total $ 66 What are Mars, Incorporated's current ratio, quick ratio, and cash ratio for 2022? Multiple Choice 1.74242, 0.30303, 0.07576 7.1875, 1.25, 0.3125 1.43939, 0.30303, 0.07576 19.16667, 3.33333, 0.83333
Take a look at this balance sheet and income statement: Balance Sheet (all numbers are in $ millions unless stated otherwise) Current Assets Current Liabilities Cash 98 Accounts Payable 344 A/C Receivable 188 Notes Payable 196 Inventory 422 Total 708 Total 540 Fixed Assets Long-Term Liabilities Net PPE 2880 Long-Term Debt 457 Common Stock and Paid-In Surplus 550 Retained Earnings 2041 Total Assets 3588 Total Liabilities + Net Worth 3588 Income Statement (all numbers are in $ million unless stated otherwise) Sales…
What is average payment period using balance sheet below? BALANCE SHEET INCOME STATEMENT ($ in millions) ($ in millions) ASSETS LIABILITIES Revenue 28,681.10 Cash & Marketable Securities 449.90 Accounts Payable 1,611.20 Cost Of Goods Sold 20,768.80 Accounts Receivable 954.80 Salaries Payable 225.20 Gross Profit 7,912.30 Inventories 3,645.20 Other Current Liabilities 1,118.80 Other Current Assets 116.60 Total Current Liabilities 2,955.20 Operating Expenses: Total Current Assets 5,166.50 Selling, General & Admin. 5,980.80 Other Liabilities 693.40 Depreciation 307.30 Machinery & Equipment 1,688.90 Operating income 1,624.20 Land 1,129.70 Total Liabilities 3,648.60 Buildings 2,348.40 Interest - Depreciation (575.60) SHAREHOLDER'S EQUITY Other Expense (Income) (13.10) Property, Plant & Equip. - Net…
Use the following information to answer this question. Windswept, Incorporated 2022 Income Statement (in millions) Net sales $ 8,650 Cost of goods sold 7,260 Depreciation 415 Earnings before interest and taxes $ 975 Interest paid 84 Taxable income $ 891 Taxes 312 Net income $ 579 Windswept, Incorporated 2021 and 2022 Balance Sheets (in millions) 2021 2022 2021 2022 Cash $ 130 $ 160 Accounts payable $ 970 $ 1,135 Accounts receivable 800 700 Long-term debt 1,000 1,200 Inventory 1,510 1,545 Common stock 3,140 2,950 Total $ 2,440 $ 2,405 Retained earnings 540 790 Net fixed assets 3,210 3,670 Total assets $ 5,650 $ 6,075 Total liabilities & equity $ 5,650 $ 6,075 What is the quick ratio for 2022?
2. The budget manual is a detailed set of documents that provide information and guidelines about the budgetary process. It should include the followings EXCEPT: Select one: A. statements of the budgetary purpose and its desired results. B. a calendar of scheduled budgetary activities. C. a economic forecast for the organisation for the next 24 month. D. original, revised and approved budgets. 3. Break-even point can be considered as: Select one: A. the number of units required to be sold to cover fixed costs. B. the minimum amount of contribution margin that should be made. C. the level of activity at which total sales equals total costs. D. the level of activity where variable costs are covered by sales revenue. 4. Ahmad Jelani Enterprise produces ladies’ veils using the brand name ‘Taqwa’, which are specially designed for local market. The main fabrics are imported from Laos. Details of the product costing for the past 3 months are as follow: Quantity produced…
Extract of Balance sheet items as at 31 December 2019 OR Equipment 20000 Account receivables 3500 Retained earnings 11500 Inventories 5000 Loan 3000 Bank overdraft 1500 Cash and bank 500 Mortgage loan 7500 Furniture 1650 Trade payables 6000 Accumulated Depreciation (Equipment) 1000 Short term Investments 200 Goodwill 4500 Drawings 1000 Capital 7150 Prepaid Expenses 1300 Calculate Total Net Assets(Total Assets)? Select one: a. 35350 OMR b. 34350 OMR c.35650 OMR d. 30350 OMR
Calculate Total Current Liabilities Extract of Balance sheet items as at 31 December 2020 OR Equipment 20000 Goodwill 4500 Creditors 1000 Land 35000 Account receivables 3500 Capital 11500 Closing Stock 15000 Loan 3000 Bank overdraft 3200 Cash 2500 Mortagage loan 7500 Machinery 1650 Trade payables 5700 Accumulated Depreciation (Equipment) 1000 Short term Investments 2200 Trade marks 6000 Drawings 1000 Retained Earnings 9150 Prepaid Expenses 2300 MC Select one: a. 25500 OMR b. 9900 OMR c. 91650 OMR d. 81250 OMR
Deprecation 10000 2. Net income 75000 The following accounts increased during 2020: Accounts receivable 18000 Loan 45000 Bonds 32000 Prepaid expenses 15000 Building 28000 The cash flow from investing activities are
Use the following information to answer this question: Windswept, Incorporated 2021 Income Statement ($ in millions) Net sales $ 11,750 Cost of goods sold 7,750 Depreciation 475 Earnings before interest and taxes $ 3,525 Interest paid 92 Taxable income $ 3,433 Taxes 721 Net income $ 2,712 Windswept, Incorporated 2020 and 2021 Balance Sheets ($ in millions) 2020 2021 2020 2021 Cash $ 220 $ 250 Accounts payable $ 1,660 $ 1,595 Accounts received 1,030 930 Long-term debt 1,030 1,350 Inventory 1,880 1,675 Common stock 3,280 3,000 Total $ 3,130 $ 2,855 Retained earnings 610 860 Net fixed assets 3,450 3,950 Total assets $ 6,580 $ 6,805 Total liabilities & equity $ 6,580 $ 6,805 What is the fixed asset turnover for 2021?
Laiho Industries's 2020 and 2021 balance sheets (in thousands of dollars) are shown. Laiho Industries: Balance Sheets as of December 31 (thousands of dollars) 2021 2020 Cash $ 104,140 $ 88,830 Accounts receivable 104,298 84,488 Inventories 36,610 33,119 Total current assets $ 245,048 $ 206,437 Net fixed assets 69,336 43,335 Total assets $ 314,384 $ 249,772 Accounts payable $ 30,991 $ 23,310 Accruals 31,054 22,280 Notes payable 14,963 12,603 Total current liabilities $ 77,008 $ 58,193 Long-term debt 77,100 63,050 Total liabilities $ 154,108 $ 121,243 Common stock 100,500 88,000 Retained earnings 59,776 40,529 Total common equity $ 160,276 $ 128,529 Total liabilities and equity $ 314,384 $ 249,772 The data has been collected in the Microsoft Excel file below. Download the spreadsheet and perform the required analysis…
A company has the following items for the fiscal year 2020: Cash = 2 million Marketable securities = 3 million Account receivables (A/R) = 1.5 million Inventories = 8.5 million Total current liabilities = 8 million Calculate the company’s current ratio and quick ratio
The top part of Ramakrishnan, Inc.’s 2021 and 2020 balance sheets is listed below (in millions of dollars). 2021 2020 2021 2020 Current assets: Current liabilities: Cash and marketable securities $ 62 $ 53 Accrued wages and taxes $ 46 $ 45 Accounts receivable 157 142 Accounts payable 101 90 Inventory 220 201 Notes payable 62 54 Total $ 439 $ 396 Total $ 209 $ 189 Calculate Ramakrishnan, Inc.’s current ratio for 2021 and 2020. (Round your answers to 2 decimal places.) 2021 = _______ times 2020 = _______ times Calculate Ramakrishnan, Inc.’s quick ratio for 2021 and 2020. (Round your answers to 2 decimal places.) 2021 = _______ times 2020 = _______ times Calculate Ramakrishnan, Inc.’s cash ratio for 2021 and 2020. (Round your answers to 2 decimal places.) 2021 = ________ times 2020 = ________ times