Homework Help is Here – Start Your Trial Now!
Business
Accounting
Current Assets         Stock     15,000     Trade receivables     22,500     Bank     7,500   45,000   Total assets       65,000           Owner's Equity         Capital   40,000       (+) Net profit   18,000         58,000       (-) Drawings   -8,000     50,000           Current Liabilities         Trade payables       15,000           Total equity and liabilities.       65,000           Sales for Suhana Trading was RM72,000, net profit was RM24,000 and the opening stock for the company was RM17,000.       Compute:  c) Inventory Turnover   d) Total assets turnover   e) Return on equity ratio

Current Assets         Stock     15,000     Trade receivables     22,500     Bank     7,500   45,000   Total assets       65,000           Owner's Equity         Capital   40,000       (+) Net profit   18,000         58,000       (-) Drawings   -8,000     50,000           Current Liabilities         Trade payables       15,000           Total equity and liabilities.       65,000           Sales for Suhana Trading was RM72,000, net profit was RM24,000 and the opening stock for the company was RM17,000.       Compute:  c) Inventory Turnover   d) Total assets turnover   e) Return on equity ratio

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 17BEA: Ernst Companys balance sheet shows total liabilities of 32,500,000, total stockholders equity of...
See similar textbooks
icon
Related questions
Question

Current Assets

 

 

 

 

Stock

 

 

15,000

 

 

Trade receivables

 

 

22,500

 

 

Bank

 

 

7,500

 

45,000

 

Total assets

 

 

 

65,000

 

 

 

 

 

Owner's Equity

 

 

 

 

Capital

 

40,000

 

 

 

(+) Net profit

 

18,000

 

 

 

 

58,000

 

 

 

(-) Drawings

 

-8,000

 

 

50,000

 

 

 

 

 

Current Liabilities

 

 

 

 

Trade payables

 

 

 

15,000

 

 

 

 

 

Total equity and liabilities.

 

 

 

65,000

 

 

 

 

 

Sales for Suhana Trading was RM72,000, net profit was RM24,000 and the opening stock for the company was RM17,000.

 

 

 

Compute: 

c) Inventory Turnover

 

d) Total assets turnover

 

e) Return on equity ratio

Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Stock repurchase
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Managerial Accounting: The Cornerstone of Busines…
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Financial Accounting: The Impact on Decision Make…
Financial Accounting: The Impact on Decision Make…
Accounting
ISBN:
9781305654174
Author:
Gary A. Porter, Curtis L. Norton
Publisher:
Cengage Learning
Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning
Principles of Accounting Volume 1
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
SEE MORE TEXTBOOKS