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Net Profit Percentage margin Current Ratio Acid Test

Net Profit Percentage margin Current Ratio Acid Test

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
22nd Edition
ISBN:9781305666160
Author:James A. Heintz, Robert W. Parry
Publisher:James A. Heintz, Robert W. Parry
Chapter15: Financial Statements And Year-end Accounting For A Merchandising Business
Section: Chapter Questions
Problem 4CE
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  1. Net Profit Percentage margin
  2. Current Ratio
  3. Acid Test
  4. ROCE
of Alina Ltd Balance Sheet ember 2021 ASSETS Debit Amt Credit Amt Current Assets Cash Accounts Receivable Inventory 10000d 200 20000 15000 135000 20 - 100 - 110 Non-current Assets PPE Land Buildings and Improvements Equipment - - 70 180 24300 25000d 45000 319300 30 20 - 50 Investments 14000 3700 390 390 Intangible Asset Total Assets 472000 ccount articulars Amount Liabilities and owner's Equity Current Liabilities Accounts Payable Notes Payable Account Expenses es 1000000 30000 10000 7000 47000 sing Stock 200000 1200000 Non-current Liabilities Long term liabilities oss profit 400000 200000200000 Shareholder's equity Common Stock (10000+20000) 30000 Retained Earnings 19500d225000 Total Liabilities and owner's Equity 400000 472000
Transcribed Image Text:of Alina Ltd Balance Sheet ember 2021 ASSETS Debit Amt Credit Amt Current Assets Cash Accounts Receivable Inventory 10000d 200 20000 15000 135000 20 - 100 - 110 Non-current Assets PPE Land Buildings and Improvements Equipment - - 70 180 24300 25000d 45000 319300 30 20 - 50 Investments 14000 3700 390 390 Intangible Asset Total Assets 472000 ccount articulars Amount Liabilities and owner's Equity Current Liabilities Accounts Payable Notes Payable Account Expenses es 1000000 30000 10000 7000 47000 sing Stock 200000 1200000 Non-current Liabilities Long term liabilities oss profit 400000 200000200000 Shareholder's equity Common Stock (10000+20000) 30000 Retained Earnings 19500d225000 Total Liabilities and owner's Equity 400000 472000
Paragraph Styles 3. 4 I 5 7. 8 | 9. 1 10. 1 11 | 12. 1 13. 14. I 15. 1 Task 2. Profit and Loss Account Amount Particulars Amount 1000000 Closing Stock 200000 Particulars Opening Stock 800000 Sales Gross profit 400000 1200000 1200000 Depreciation Advertisement exp. 60000 Rent Salaries Commission Other exp. Net profit 80000 Gross profit 400000 15000 56000 5000 7000 177000 400000 400000
Transcribed Image Text:Paragraph Styles 3. 4 I 5 7. 8 | 9. 1 10. 1 11 | 12. 1 13. 14. I 15. 1 Task 2. Profit and Loss Account Amount Particulars Amount 1000000 Closing Stock 200000 Particulars Opening Stock 800000 Sales Gross profit 400000 1200000 1200000 Depreciation Advertisement exp. 60000 Rent Salaries Commission Other exp. Net profit 80000 Gross profit 400000 15000 56000 5000 7000 177000 400000 400000
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