Company Non-current assets Current Assets TOTAL ASSETS Savola 72% 28% 100% Almarai 78% 22% 100% Alothaim 74% 26% 100%
Q: The approach to preparing financial statements based on recording revenues when products and…
A: Financial statements are written reports generated by a company's management to summarise the…
Q: ONLY SOLVE C,D,F WITHOUT USING SHORTCUTS AND EXCEL PLEASE SOLVE USING FORMULA MANUALLY.
A: Contribution to Retirement Plan It is crucial for the person or employee to defer a portion of their…
Q: % percentage of the employees will suffer at least one lost-time accident c
A: A probability is essentially a number that demonstrates the likelihood or chance that a given event…
Q: Luis has $170,000 in his retirement account at his present company. Because he is assuming a…
A: Time value of money is a concept where interest component considered for time. Here we have to…
Q: Presented below is the adjusted trial balance of Indigo Corporation at December 31, 2020 Cash…
A: ADJUSTED TRIAL BALANCE Particulars Debit Credit Cash $ 6,850…
Q: Terminology Matching Asset Turnover Ratio Current Ratio Days in Inventory Ratio Debt to Assets Ratio…
A: Asset Turnover Ratio=Net salesTverage total assetsCurrent Ratio=Current assetsCurrent…
Q: Instructions Putt Company issues 500 shares of $100 preferred stock to Drive Corporation in exchange…
A: A general ledger item called a journal entry identifies the accounts that are being changed. In a…
Q: Dorcan Corporation manufactures and sells T-shirts imprinted with college names and slogans. Last…
A: The contribution margin ratio is a type of ratio that shows the percentage of sales available for…
Q: finishing department: Work-in-Process, November 1, was 46 units, 40% completed, consisting of $280…
A: 1. Production Cost Report By using Weighted average method. REED COMPANY Finishing…
Q: Units to be Assigned Costs Oak Ridge Steel Company has two departments, Casting and Rolling. In the…
A: Started and completed during July = Completed during the month - Opening work in process
Q: The management of Petro Garcia Inc. was discussing whether certain equipment should be written off…
A: Making a journal entry is the first step in documenting a business transaction in the books of…
Q: Annual Costs of Operating Each Product Line Sales in units Sales in dollars Unit-level costs: Cost…
A: Product-line earnings statement represents a summary of earnings and costs of each product line run…
Q: Morris Industries manufactures and sells three products (AA, BB, and CC). The sales price and unit…
A: Break Even Point (BEP) :— It is the point of production where total cost is equal to total revenue.…
Q: Yowell Company began operations on January 1, Year 1. During Year 1, the company engaged in the…
A: Operating activities : A company's net cash flow from operational activities shows how much more…
Q: On January 1, Year 2, Kincaid Company's Accounts Receivable and the Allowance for Doubtful Accounts…
A: Uncollectible Expense :— It is the amount of receivable that are not collected from customer. It is…
Q: a. The overtime earnings $fill in the blank 1 69.78 b. The total earnings $fill in the blank 2…
A: Overtime refers any extra hours worked by a employee that exceeds its normal working hours. For…
Q: 2. Match each type of adjusting entry with its definition. 1. Deferred revenue 2. Accrued expenses…
A: INTRODUCTION: Revenue is the money a company receives from selling its goods or rendering services…
Q: A debtor borrows P7,900 and agrees to pay P9,359 for his debt 3 years & 4 months from now. At what…
A: Given, Future value = FV = P9,359 Present value = PV = P7,900 Number of months = t = 3years 4 months…
Q: The net profit margin ratio is calculated by dividing net sales by net income.
A: INTRODUCTION: The net profit margin calculates how much net income is earned as a percentage of…
Q: Beginning WIP inventory Units started into production this period Units completed and transferred…
A: The equivalent units are calculated on the basis of percentage of the work completed during the…
Q: 4 What is the present worth of a total of 24 payments occurring every two months? The first payment…
A: Time Value of Money :— According to this concept, value of money in present day is greater than the…
Q: im Arnold began a business called Amold's Shoe Repair, 1. Complete the T accounts for Cash;…
A: T accounts are the type of account that shows the presentation of double entry system. The another…
Q: During the twelve months ended December 31, 2010, Shining Image did the following: a. Used supplies…
A: A journal entry is a form of accounting entry that is used to report a business transaction in a…
Q: The following information relates to the William Brown Company. Date December 31, 2021 December 31,…
A: "Last-In, First-Out" is an abbreviation for LIFO. It is a technique used in the computation of the…
Q: [The following information applies to the questions displayed below.] Martinez Company's relevant…
A: Variable costs is a expense that changes in proportion of changes in activity level.
Q: At the end of 20X6, Home Ltd. reported the following in shareholders' equity: Common shares, no par…
A: The company pays a dividend to the shareholders, the dividend is the distribution of profit between…
Q: [The following information applies to the questions displayed below] Selected account balances from…
A: Income from continuing operations are determined by deducting all the expenses(including taxes) from…
Q: projected unit sales of Western Company, which manufactures casual wear. Each unit sells for $25.…
A: CASH COLLECTION FROM CUSTOMER Cash Collection is the Function of Accounts Receivable. There is Two…
Q: The following information is for the year ended December 31, 2021. The company only has one…
A: An accounting equation is an important equation in accounting. According to the accounting equation,…
Q: Brandon, Inc. sells Unity Candles for $140 each. Operating results for October, November, and…
A: Operating Income: The income that any business organization generates from the normal operations of…
Q: Software and hardware for optimizing the cell design of robotic picking lines have an installed cost…
A: The double declining balance method charges the depreciation higher in the early years and lower in…
Q: Customer relationship management software would be most likely to affect which income statement…
A: The income statement is prepared at the end of the accounting period to show the result of…
Q: Peanut Company acquired 90 percent of Snoopy Company's outstanding common stock for $279,000 on…
A: Equity method is used to report investment of a company in another company. It is used in both US.…
Q: At the beginning of Year 1. Copeland Drugstore purchased a new computer system for $210,000. It is…
A: INTRODUCTION: Depreciation is the decrease in the value of assets or a method of calculating the…
Q: 132) On May 1, a company purchased inventory costing $2,000 on account with terms 2/10, n/30. On May…
A: JOURNAL ENTRIES Journal Entry is the First stage of Accounting Process. Journal Entry is the…
Q: Presented below is information related to Nash Corp. for the year 2025. Net sales Cost of goods sold…
A: Income Statement - Income Statement includes revenue earned and expense incurred during the…
Q: Mason (single) is a 50 percent shareholder in Angels Corporation (an S Corporation). Mason receives…
A: Any trade or business that provides services in the disciplines of health, law, accounting,…
Q: Skysong Inc. issued $3,120,000 of convertible 10-year bonds on July 1, 2020. The bonds provide for…
A: Working : (1) Calculation of Unamortized discount on bonds payable : Amount to be amortized over…
Q: 2022 Food Sales Beverage Sales Total Sales Food Cost Beverage Cost Total Cost of Sales Gross Profit…
A: Income Statement: The statement shows the revenue of the organization from different sources and…
Q: ces Required information [The following information applies to the questions displayed below.] Mc…
A: VARIABLE COST Variable Cost is a cost that varies with the level of output. Variable Costs…
Q: ) A company provides services on account. Indicate how this transaction would affect (1) assets, (2)…
A: Assets :— It is the resources owned by company as on specific date. Stockholders’ Equity :— It is…
Q: Cash Flow from Operating Activity
A: A cash flow statement or statement of cash flows, in financial accounting, is a statement that shows…
Q: Required information [The following information applies to the questions displayed below.] Martinez…
A: The variable cost per unit remains constant but fixed cost per unit changes with change in level of…
Q: Lann works for Talbert Electronics. As a shared employee, Lann works in the manufacturing department…
A: The company hires workers to do work in the organization such as manufacturing, sales, etc. The…
Q: Required information PA5-2 (Algo) Preparing a Bank Reconciliation and Journal Entries and Reporting…
A: Lets understand the basics. Bank reconciliation statement is a statement which reconcile the balance…
Q: Pina Co. recently installed some new computer equipment. To prepare for the installation, Pina had…
A: Asset is something which is owned by the company. Computer equipment is a fixed or non-current asset…
Q: Question 5 In 20X7, Company E sold its only product for £16 per unit. Variable costs per unit were…
A: Break Even Point (BEP) :— It is the point of production where total cost is equal to total revenue.…
Q: Complete the following table with the missing values. NOTE: Enter numbers rounded to two decimals…
A: MARGIN OF SAFETY Margin of Safety is the Difference Between Actual Sales & Break-Even Point.…
Q: Reese Company has two investment centers and has developed the following information: Department B…
A: ROI :— It is calculated by dividing net operating income by average operating assets.…
Q: Annual Costs of Operating Each Product Line Sales in units Sales in dollars Unit-level costs: Cost…
A: A company uses certain processes or methods to decrease its liabilities or business operating costs.…
Step by step
Solved in 2 steps
- 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…Given : Total Assets :120.000,Long Term Liabilities : 20.000,Current Assets :80.000, and,Current Liabilities : 60.000Net Profits : 24.000Choose the incorrect Answera) Total Liabilities / Total Sources : 0,67b) Total Debt / Equity :1c) Current Ratio: 1,33d) Return on assets : 0,20Total fixed assets 31420 OMR Total long term liabilities 9970 OMR Total current assets 18930 OMR Total current liabilities 4765 OMR Shareholders’ funds 35615 OMR Capital employed 45585 OMR Gross profit 175000 OMR Net profit 113950 OMR Return on capital employed 25% Current ratio 3.97 Liquid ratio 3.34 Return on Equity 3.191 Gross Profit Margin 53,03% Net Profit Margin 34.53% Q/Give a brief report on the financial position of the company based on the above figures?
- Total assets = $900, fixed assets = $600, long-term debt = $500, and short-term debt = $200. Total equity? A. $0B. $100C. $200D. $300BALANCE SHEETCash $ 140.0 Accounts payable $ 800 .0Accts. receivable 880 .0 Notes payable 600.0Inventories 1,320.0 Accruals 400 .0Total current assets $2,340.0 Total current liabilities $1,800.0Long-term bonds 1,000.0Total debt $2,800.0Common stock 200 .0Retained earnings 1,000.0Net plant & equip. 1,660.0 Total common equity $1,200.0Total assets $4.000.0 Total liabilities & equity $4.000.0lNCOME STATEMENTNet sales $6,000.0Operating costs 5,599.8Depreciation 100.2EBIT $ 300.0Less: Interest 96 .0EBT $ 204 .0Less: Taxes 81.6Net income $ 122.4OTHER DATAAnnual Principal and Lease Payments 0.00Shares outstanding (millions) 60 .00Common dividends (millions) $42.8Interest rate on NIP and long-term bonds 6.0 %Federal plus state income tax rate 40%Year-end stock price $30 .60 What is the firms ROE (Return on Equity)?Group of answer choices 9.45% 9.63% 9.84% 10.20%BALANCE SHEETCash $ 140.0 Accounts payable $ 800 .0Accts. receivable 880 .0 Notes payable 600.0Inventories 1,320.0 Accruals 400 .0Total current assets $2,340.0 Total current liabilities $1,800.0Long-term bonds 1,000.0Total debt $2,800.0Common stock 200 .0Retained earnings 1,000.0Net plant & equip. 1,660.0 Total common equity $1,200.0Total assets $4.000.0 Total liabilities & equity $4.000.0lNCOME STATEMENTNet sales $6,000.0Operating costs 5,599.8Depreciation 100.2EBIT $ 300.0Less: Interest 96 .0EBT $ 204 .0Less: Taxes 81.6Net income $ 122.4OTHER DATAAnnual Principal and Lease Payments 0.00Shares outstanding (millions) 60 .00Common dividends (millions) $42.8Interest rate on NIP and long-term bonds 6.0 %Federal plus state income tax rate 40%Year-end stock price $30 .60 Question 9 What is the firm's Debt Ratio? Group of answer choices 60.0% 65.0% 70.0% 75.0% Question 10 What is the firm's Inventory Turnover? 4.41 4.55 4.69 4.83 Question 11 What is the firm's DPS…
- BALANCE SHEETCash $ 140.0 Accounts payable $ 800 .0Accts. receivable 880 .0 Notes payable 600.0Inventories 1,320.0 Accruals 400 .0Total current assets $2,340.0 Total current liabilities $1,800.0Long-term bonds 1,000.0Total debt $2,800.0Common stock 200 .0Retained earnings 1,000.0Net plant & equip. 1,660.0 Total common equity $1,200.0Total assets $4.000.0 Total liabilities & equity $4.000.0lNCOME STATEMENTNet sales $6,000.0Operating costs 5,599.8Depreciation 100.2EBIT $ 300.0Less: Interest 96 .0EBT $ 204 .0Less: Taxes 81.6Net income $ 122.4OTHER DATAAnnual Principal and Lease Payments 0.00Shares outstanding (millions) 60 .00Common dividends (millions) $42.8Interest rate on NIP and long-term bonds 6.0 %Federal plus state income tax rate 40%Year-end stock price $30 .60 Question 5 What is the firm's EBITDA coverage? Group of answer choices 3.51 3.69 3.88 4.17 Question 6 What is the firms DSO (Days Sales Outstanding)? Group of answer choices 51.30 days 52.80 days 53.50…Current Attempt in Progress XYZ provided the following financial information: XYZBalance SheetAs of 12/31/19 Assets: Liabilities and Equity: Cash and marketable securities $27,476 Accounts payable and accruals $154,860 Accounts receivable $143,519 Short-term notes payable $21,255 Inventory $212,379 Total current liabilities $176,115 Total current assets $383,374 Long term debt $155,510 Net plant and equipment $602,704 Total liabilities $331,625 Goodwill and other assets $42,422 Common stock $312,719 Retained earnings $384,156 Total assets $1,028,500 Total liabilities and equity $1,028,500 In addition, it was reported that the firm had a net income of: $158,402 and net sales of: $4,272,431 Calculate the following ratios for this firm (Use 365 days for calculation. Round answers to 2 decimal places, e.g.…Can you answer for the following: (d) Return on assets. (Assets on 12/31/20 were $2,800.) (e) Return on common stockholders’ equity. (Stockholders’ equity—common on 12/31/20 was $910.) (f) Debt to assets ratio. (g) Times interest earned.
- A company's balance sheet has the following account values: current assets $625; current liabilities $550; fixed assets $1,580; and long-term debt $700. What is the value of equity? 330 1655 1505 955 625Balance SheetAssets LiabilitiesCurrent Assets Current LiabilitiesCash 46 Accounts payable 39Accounts receivable 23 Notes payable/short-term debt 5Inventories 20Total current assets 89 Total current liabilities 44Long-Term Assets Long-Term LiabilitiesNet property, plant,and equipment 121 Long-term debt 133Total long-term assets 121 Total long-term liabilities 133Total Liabilities 177Stockholders' Equity 33Total Assets 210 Total Liabilities and 210Stockholders' Equity The above diagram shows a balance sheet for a certain company. Allquantities shown are in millions of dollars. What is the company's networking capital? ExplainSelected data for the Rubio Company follow:Current assets.............. $ 31,200 Current liabilities ............ $ 26,000Long-term assets ......... 185,000 Long-term liabilities........ 110,000Total revenues............. 199,000 Total expenses................. 160,000Based on these facts, what are Rubio’s current ratio and debt ratio?Current ratio Debt ratioa. 1.200 0.629b. 1.590 0.629c. 8.315 0.833d. 1.244 0.236