Based on the balance sheet that given, calculate and explain the Liability ratioAsset ratioOwners Equity ratio Income statement is asked in questionbut informtion given is related to balance Sheet not related to income statementso iam preparing balance sheetBalance SheetAmount in $ LiabilitesAssetsNon - Current AssetsBuildingEquipmentTotal Fixed assetsAmount in $Non -Current LiabilitesLong Term LoanTotal Non -Current Liabilites100000100000100000100000200000Current LiabilitesNotes PayablesTotal LiabilitesEquityOwners EquityRetained earningsCurrent AssetsAccount RecivablesCash in Bank20000100001200002000010000100000Total Assets230000Total Liabilites and Equity230000

Ratio analysis types: Liquidity Ratios Profitability Ratios Solvency Ratios Turnover Ratios…

Answered: Income statement is asked in question…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 13MCQ

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Similar questions

Define current assets and current liabilities. Why are current assets and current liabilities separated from noncurrent assets and long-term liabilities on the balance sheet?
Which of the following is a measurement of earnings that represents the profit before interest, taxes, depreciation and amortization are subtracted? A. net income B. retained earnings C. EBITDA D. EPS
FINANCIAL STATEMENT ACCOUNTS Label each of the following accounts as an asset (A), liability (L), owners equity (OE), revenue (R), or expense (E). Indicate the financial statement on which the account belongsincome statement (IS), statement of owners equity (SOE), or balance sheet (BS)in a format similar to the following.
What adjustment(s) should be made to reconcile net income to net cash flows from operating activities (indirect method) considering the following balances in current assets?
Distinguishing between current and non-current items on the balance sheet and presenting a subtotal for current assets and liabilities is referred to as: B . an unclassifi ed balance sheet
Which statement is incorrect regarding presentation and disclosure of financial assets? Group of answer choices FA@FVTPL are usually presented as current. The carrying amounts each category of financial assets shall be disclosed either in the statement of financial position or in the notes. FA@AC shall be presented as noncurrent. FA@FVTOCI are either current or noncurrent.
Which statement is incorrect regarding presentation and disclosure of financial assets? a. FA@FVTOCI are either current or noncurrent. b. FA@FVTPL are usually presented as current. c. The carrying amounts each category of financial assets shall be disclosed either in the statement of financial position or in the notes. d. FA@AC shall be presented as noncurrent.
The expense recognition principle (“matching”) controlsa. Where on the income statement expenses should bepresented.b. When revenues are recognized on the incomestatement.c. The ordering of current assets and current liabilities onthe balance sheet.d. When costs are recognized as expenses on the incomestatement.
The following are the typical classifications used in a statement of financial position : a. Current assets b. Investments and funds c. Property, plant, and equipment d. Investment property e. Intangible assets f. Current liabilities g. Long-term liabilities h. Issued capital i. Retained earnings Required : For each of the following statements of financial position items. use the letters above to indicate the appropriate classification category. If the item is a contra account, place a minus before the chosen letter 3. ………. Unearned rent revenue 4. ……….. Income less dividends, accumulated 5. ………. Building, in use
"Accrued interest income" would normally appear in the financialstatement under A. Current assetsB. Noncurrent assetsC. RevenueD. Equity
How are gain contigencies reported in the financial statements? a. a contingent account receivable b. an accrued revenue c. a deferred revenue d. not at all
What data flows from the statement of retained earnings to the balance sheet?a. Net incomeb. Cashc. Ending retained earningsd. Assets

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