A AEAlign lextArrarkge QURKU S abc AV- Aa-A -Convert to SmartArt-StylesO Shape EFontParagraphDrawingEXAMPLE 9:Following is the Balance Sheet of a company as on Mar 31, 2006:LiabilitiesOMRAssetsOMRCash-in-handCash at BarkEquity Share Capital 250,000200,00020,00030,000500,00010,00030,00050,000320,000500,0009% DebenturesBills PayableSundry DebtorsFixed AssetsCreditorsYou are required to compute Total Assets to Debt Ratio.!! lili

Assets are the resources owned by a business entity to run business operations. Debts are the money…

Following is the Balance Sheet of a company as on Mar 31, 2006: Liabilities OMR Assets OMR Equity Share Capital 250,000 200,000 20,000 30,000 500,000 Cash-in-hand Cash at Bark Sundry Debtors Fixed Assets 10,000 30,000 50,000 320,000 500,000 9% Debentures Bills Payable Creditors You are required to compute Total Assets to Debt Ratio.

Following is the Balance Sheet of a company as on Mar 31, 2006: Liabilities OMR Assets OMR Equity Share Capital 250,000 200,000 20,000 30,000 500,000 Cash-in-hand Cash at Bark Sundry Debtors Fixed Assets 10,000 30,000 50,000 320,000 500,000 9% Debentures Bills Payable Creditors You are required to compute Total Assets to Debt Ratio.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

ChapterA2: Investments

Section: Chapter Questions

Problem 10MCQ

See similar textbooks

Similar questions

he following is an extract from the trial balance of Tempo Ltd on 30 June 2022:£Land and buildings 114 000Equipment 210 000Investment (80 000 shares of £1 each in Rhythm Ltd at cost price) 650 000Inventory (30/6/2008 - £382 000) 418 000Trade receivables (30/6/2021 – £180 000) 206 000Cash and cash equivalents 92 000Share capital:Ordinary share capital including premium 450 000Preference share capital 200 000Retained earnings:Balance – beginning of year 160 000Retained profit for the year 40 00012% Long term loan 420 000Trade payables (30/6/2021 – £190 000) 210 000Tax payable 110 000Dividends payable 100 000Additional information:1. Issued share capital:- 400 000 ordinary shares of £1 each- 40 000 10% preference shares of £5 each.2. Gross profit for the year amounted to £1 344 000 and represents 40% of turnover for the year.3. All sales and all purchases are on credit.4. Income from investment for the year amounted to £24 000.5. The dividends payable represents the total amount of…
The Statement of Financial Position (SFP) of Arthur Corporation on June 30, 202X is presented below:Current Assets P195,000Land 1,320,000Building 660,000Equipment 525,000Total Assets P2,700,000Liabilities P525,000Ordinary Shares, P5 par 900,00Share Premium 825,000Retained Earnings 450,000Total Equities P2,700,000All the assets and liabilities of Arthur were assumed to approximate their fair values except for land and building. It is estimated that the land has a fair value of P2,100,000, and the fair value of the building increased by P480,000. Ezekeil Corporation acquired 80% of Arthur’s outstanding shares for P3,000,000. The non-controlling interest is measured at fair value.Required:a. Determine the goodwill or gain on bargain purchase assuming the consideration paid includes control premium of P852,000. Determine the goodwill or gain on bargain purchase assuming the consideration paid excludes control premium of P138,000 and the fair value of the non-controlling interest is…
You have the following information about Trisha Company: total asset =P350,000; common stock equity = P175,000; Return on Equity (ROE) =12.5%. What is Trisha’s earnings available for common stockholders? A. P21,875B. P43,750C. P50,000D. P47,632
The following is an extract from the trial balance of Tempo Ltd on 30 June 2022: Land and buildings 114000Equipment 210000Investment (80 000 shares of £1 each in Rhythm Ltd at cost price) 650000 Inventory (30/6/2008 - £382 000) 418000Trade receivables (30/6/2021 – £180 000) 206000Cash and cash equivalents 92000 Share capital: Ordinary share capital including premium 450000Preference share capital 200000 Retained earnings: Balance – beginning of year…
The following is an extract from the trial balance of Tempo Ltd on 30 June 2022:£Land and buildings 114 000Equipment 210 000Investment (80 000 shares of £1 each in Rhythm Ltd at cost price) 650 000Inventory (30/6/2008 - £382 000) 418 000Trade receivables (30/6/2021 – £180 000) 206 000Cash and cash equivalents 92 000Share capital:Ordinary share capital including premium 450 000Preference share capital 200 000Retained earnings:Balance – beginning of year 160 000Retained profit for the year 40 00012% Long term loan 420 000Trade payables (30/6/2021 – £190 000) 210 000Tax payable 110 000Dividends payable 100 000Additional information:1. Issued share capital:- 400 000 ordinary shares of £1 each- 40 000 10% preference shares of £5 each.2. Gross profit for the year amounted to £1 344 000 and represents 40% of turnover for the year.3. All sales and all purchases are on credit.4. Income from investment for the year amounted to £24 000.5. The dividends payable represents the total amount of…
Problem 1 (Adapted)The shareholders’ equity of Yelan Company showed the following account balances on December 31, 2018:Share capital, P100 5,000,000Share Premium 1,000,000Retained earnings 2,000,000Revaluation surplus 800,000 Compute the book value per share on December 31, 2018.
14 Summary information is given for SBMA, Inc. and PCIB Company at July 1, 2016. The quoted market price of SBMA and HIMYM shares are P36 and P40, respectively. SBMA Inc. HIMYM Inc. Book Value Fair Value Book Value Fair Value Current assets 8,000,000 9,000,000 24,000,000 24,000,000 Plant assets 22,000,000 26,000,000 26,000,000 25,000,000 Totals 30,000,000 35,000,000 50,000,000 49,000,000 Liabilities 5,000,000 5,000,000 15,000,000 15,000,000 Common Stocks, P10 10,000,000 20,000,000 APIC 1,000,000 3,000,000 Retained Earnings 14,000,000 12,000,000 Totals 30,000,000 50,000,000 HIMYM Inc. acquires all the net assets of SBMA by issuing…
Analyse the information given in the table below and answer the questions below:Details Company A Company BShare price R60 R90Number of ordinary shares issued 10 000 000 10 000 000Market capitalisation 600 000 000 900 000 000Annual earnings R90 000 000 R120 000 000Earnings per share A BPrice/ Earnings (P/ E) Ratio C DREQUIRED:Please note that all theoretical answers should be in your own words and not directly from yourtextbook or any other source. Remember to add a list of resources (correctly referencedaccording to the Harvard method) at the end of your assignment. Calculate the missing amounts for A ‐ D.Round off your answers to 2 decimal places.
1. The following accounts and their balances are found in the records ofAlamo Corporation: authorized share capital of par P100 is P10,000,000 of which P5,000,000 was issued and its accumulated earnings as of January 1 is P1,275,000. You were given the following additional information: (see attached image for the given. Please answer it. Thank youu so much!) Direction: a) Give the entrics needed for the above information.b) What is the dalance of the free or unrestricted retained earnings as of December 31.
PLEASE PROVIDE COMPUTATION! 19. The balance in the share premium account after the quasi-reorganization on July 1, 2018, should bea. P750,000 c. P500,000b. P2,000,000 d. P0
What is the total amount of share premium to be reported by the surviving company?a. P1,000,000 c. P1,750,000b. P944,600 d. P1,400,000
Ch12.3 Variour Inc recently completed its stock take and have provided you the below informationCategoryUnits inInventoryCost perunit NRV per unitWA1 85 $105.00 $100.00WB1 110 $80.00 $85.00WC1 135 $190.00 $195.00WD1 150 $45.00 $50.00WE1 165 $200.00 $190.00Required:Calculate the total value of Kentex' closing Inventory