Add a comment for this solution table. FINANCIAL POSITION:RATIO202120202019Current ratioCR=CR=CR =723,796/12,281,092= 0.05(CR)=1,654,084/9,359,2097,439,245/6,149,974Current assets /= 0.17= 1.21%3Dcurrent liabilitiesAcid – test or(ATQR)=(ATQR)=(23,300+193,549)/12,281 | (128,551+345,780)/9,359 | (83,834+3,871,114)/(ATQR)=quick ratio(ATQR)=casbtAR/CL,092,2096,149,974= 0.010.050.64Total debt to(TDQR)=(TDQR)=(TDQR)=equity ratio(TDQR)=12,281,092 / 7,273,60511,417,230 / 4,797,0526,149,974/ 4,617,406Total debt/ total= 1.7= 2.4= 1.33equity

A fall in the current ratio typically indicates inventory management issues, inadequate or weak…

FINANCIAL POSITION: RATIO 2021 2020 2019 Current ratio CR= CR= CR = (CR)= 723,796/12,281,092 1,654,084/9,359,209 7,439,245/6,149,974 Current assets / = 0.05 = 0.17 = 1.21 current liabilities (ATQR)= (23,300+193,549)/12,281 | (128,551+345,780)/9,359 (83,834+3,871,114)/ Acid – test or quick ratio (ATQR)= casbtAR/CL (ATQR)= (ATQR)= ,092 ,209 6,149,974 = 0.01 = 0.05 = 0.64 Total debt to (TDQR)= (TDQR)= (TDQR)= equity ratio (TDQR)= 12,281,092 / 7,273,605 11,417,230 / 4,797,052 6,149,974/ 4,617,406 Total debt/ total = 1.7 = 2.4 = 1.33 equity

FINANCIAL POSITION: RATIO 2021 2020 2019 Current ratio CR= CR= CR = (CR)= 723,796/12,281,092 1,654,084/9,359,209 7,439,245/6,149,974 Current assets / = 0.05 = 0.17 = 1.21 current liabilities (ATQR)= (23,300+193,549)/12,281 | (128,551+345,780)/9,359 (83,834+3,871,114)/ Acid – test or quick ratio (ATQR)= casbtAR/CL (ATQR)= (ATQR)= ,092 ,209 6,149,974 = 0.01 = 0.05 = 0.64 Total debt to (TDQR)= (TDQR)= (TDQR)= equity ratio (TDQR)= 12,281,092 / 7,273,605 11,417,230 / 4,797,052 6,149,974/ 4,617,406 Total debt/ total = 1.7 = 2.4 = 1.33 equity

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Choose the correct letter of answer A firm has current liabilities and current ratio are P5,000.00 and 2.0, respectively. What is the total of its current assets? *a. P10,000.00b. P10,500.00c. P15,000.00d. P20,000.00e. P40,000.00
Assets - Liabilities = Owner's Equity $81, 600 $17,000 ? 430,185 ? $373,065 44,625 42,917 ? ? 591,600 843,285 974,534 ? 319,439 Calculate the missing values indicated with a ?
Selected ratios formulars Unilever 2021 BOPP 2021 ROCE PBIT / net assets * 100 (32,424/39,406 *100 = - 82% 102,154 / 192,758 *100 =53% Net Assets Turnover Revenue / Net Assets 526,912 / 39,406 = 13 times 214,174 / 192,758 = 1 time Gross Profit Margin Gross profit / revenue *100 97,046 / 526,912 *100 18.4% 115,462 / 214,174 * 100 54% Net Profit Before Tax PBT / revenue * 100 (35,005) / 526,912* 100 = -6.6% 104,778 / 214,174* 100 =48.9% Current Ratio Current assets / current liabilities 214,665/341,171 = 0.5 139,104 / 30,368 = 4.5 Quick Ratio Current assets – inventory / current liabilities 214,665-91,627 /341,171 = 0.4 139,104 -13,248/ 30,368 = 4.1 Inventory Days Inventory / cost of sales * 365 days 91,627/ 429,866 *365 = 77 days 13,248 / 101,397 *365 = 47 days Receivable Days Receivables / cost of sales * 365 days 24,515 / 429,866 *365 =20 days 92,860 / 101,397 *365 =334 days Payable Days…
Use the following table: Case X Case Y Case Z Cash $ 940 $ 1,470 $ 1,940 Short-term investments 0 0 780 Receivables 0 1,690 1,360 Inventory 3,400 1,560 6,520 Prepaid expenses 2,600 1,020 1,460 Total current assets $ 6,940 $ 5,740 $ 12,060 Current liabilities $ 3,600 $ 1,800 $ 5,750 Required:Calculate the quick ratio in each of the above cases and select the case which is in the best position to meet short-term obligations most easily. (Round your answers to 2 decimal places.)
i. Debt-to-equity ratio 2021 : 0.74 2020 : 1.12 ii. Net profit margin 2021 : 34.58% 2020 : 36.25% iii. Current ratio 2021 : 2.95 2020 : 2.5 iv. Inventory turnover ratio 2021 : 6.33 2020 : 1.57 Required : Provide comments in terms of liquidity, profitability, efficiency and solvency based on the computed ratios above.
Calculate current ratio: Current assets = 2550000 Current liabilities = 5100000
Current Asset 120 000Cash 20 000Accounts Receivable 45 000Short-term investments 12 000Merchandise Inventory 42 000Current Liabilities 68 000 What is the company's current ratio?What is the company's quick ratio?
Return on total assets ratio: net income/ average total assets 21,331/(321,195+225,248)/2= 0.07807= 7.8% (2020 year) 11588/(162,648+225,248)/2= 0.059= 6.0% (2019 year) Write financial analysis report.
Total assets = $900, fixed assets = $600, long-term debt = $500, and short-term debt = $200. Total equity? A. $0B. $100C. $200D. $300
Q31 Each and every individual item in this method is recorded in balance sheet in ________ method taking in to consideration the ________ index according to the cost of replacing all the assets and liabilities rather than original cost. a. Historical cost ; General price index b. Current purchasing; General price index c. Replacement cost ; Specific price index d. Replacement cost ; General price index
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…
E23.10B (L0 1,4) (Classification of Transactions) Following are selected balance sheet accounts of BioLazer Corp. at December 31, 2020 and 2019, and the increases or decreases in each account from 2019 to 2020. Also presented is selected income statement information for the year ended December 31, 2020, and additional information. Increase Selected balance sheet accounts 2020 2019 (Decrease)AssetsAccounts receivable $154,000 $120,000 $34,000Property, plant, and equipment 631,000 581,000 50,000Accumulated…