Can you help me check if I did it right thanks ABG* View the tutorial, then complete the worksheet, replacing the question marks below with formulas.Given Information:Revenues$35,000Expenses25,000Beginning Retained Earnings42,000Dividends6,000Liabilities22,00011Common Stock32,0001213Relationship #114Relationship #2Relationship #3RevenuesBeginning Retained Earnings 42000Net Income1535000Assets54000Expenses250001610000Liabilities2200017Net Income10000Dividends6000Common Stock32000Ending Retained Earnings1846000Retained Earnings1000192021

The question and provided information seem incomplete. I would answer the best possible solution…

Relationship #1 Relationship #2 Beginning Retained Earnings 42000 Relationship #3 Revenues 35000 Assets 54000 Expenses Net Income 25000 Net Income 10000 Liabilities 22000 10000 Dividends 6000 Common Stock 32000 Ending Retained Earnings Retained Earnings 46000 1000

Relationship #1 Relationship #2 Beginning Retained Earnings 42000 Relationship #3 Revenues 35000 Assets 54000 Expenses Net Income 25000 Net Income 10000 Liabilities 22000 10000 Dividends 6000 Common Stock 32000 Ending Retained Earnings Retained Earnings 46000 1000

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.17E: Profitability metrics The following selected data were taken from the financial statements of The...

See similar textbooks

Similar questions

Profitability metrics The following selected data were taken from the financial statements of The O'Malley Group Inc. for December 31, 20Y5. 20Y4. and 20Y3: No dividends on common stock were declared between 20Y3 and 20Y5. a.Determine the return on total assets, the return on stockholders' equity, and the return on common stockholders' equity Tor the years 20Y4 and 20Y5. Round to one decimal place. b. What conclusions can be drawn from these data as to the company's profitability?
created balance sheet for HME Sdn Bhd From the following particulars, prepare a balance sheet HME at 30 Jun 2022Capital RM100,000Goodwill RM20,000Prepaid Expenses RM30,000Investment RM20,000Debtors RM30,400Creditors RM30,200Cash at bank RM100,000Furniture RM5,665Outstanding Expenses RM10,000Net profit RM6,242Closing stock RM25,000Bills Receivable RM8,689Bills Payable RM8,000Advance Income RM20,000Drawings RM5,000
Q3 The following was extracted from the accounting records of a trader on 28 February 2015: Extracts from the income statement: Total sales 217 750 Cost of sales 124 430 Net profit 54 430 After the capital account had been credited with the above net profit, the balance sheet reflected the following balances: Land and buildings…………………………………………………………218 400Equipment at carrying value.........................................................41 300Capital…………………………………………………………………………314 400Long term loan……………………………………………………………59 200Investment……………………………………………………………………54 600Current assets…………………………………………………………………134 900Creditors control……………………………………………………………75 600Debtors control………………………………………………………………36 400Bank (dr)…………………………………………………………………………33 600 ADDITIONAL INFORMATION: 1. Credit sales represent 60% of total sales.2. Creditors allow 3 months credit.3. Similar industries in South Africa have a stock turnover rate of 3 times per annum. REQUIRED:4.2.6.…
(a) You are required to calculate and state the missing figures represented by alphabet . ABC Ltd Ghs ‘000 XYZ Ltd Ghs ‘000 Turnover 8,030 7,300 Cost of sales 4,818 J Stocks 1,800 1,392 Bank 40 238 Trade creditors A 370 Accruals 100 120 Gross profit B K Gross profit Margin % C 42% Distribution costs 1,606 1,320 Admin expenses 600 480 Debtors D 800 Net current assets E L Operating profit 1,006 1,266 Interest 200 200 Net Profit F M Net Profit Margin % G N Plant and machinery 4,000 3,960 Ordinary shares of Ghs1 900 900 Retained profit 3,120 O 10% debenture 2,000 2,000 Current assets H 2,430 Current liabilities 1,100 P Equity I 3,500
Some selected financial statement items belonging to MNO Company are given in the table below. According to this information, which of the following is Return on Assets (ROA)? Inventory 12,500Current Assets 50,000Current Liabilities 40,000Non-current Assets 90,000Net Profit 12,000Shareholders' Equity 65,000 Select one:a. 18.5%b. 12.2%c. 9.23%d. 13.3%
Calculate the other income from the following Information Dividends income 1000 Opening stock 27800 Accounts payable 18000 Accounts receivable 123000 Prepaid expense 25100 Rental revenue 5200 Interest expenses 1450 Interest Income 8540 Select one: a. OMR 9450 b. OMR 14740 c. OMR 6200 d. OMR 1000
Calculate the amount of gross profit on the basis of the following balances extracted from the books of Edward and Co. for the year ended March 31, 2022.Advertisements (₹)Opening Stock50,000Net sales11,00,000Net purchases6,00,000Direct expenses60,000Administration expenses45,000Selling and distribution expenses65,000Loss due to fire20,000Closing stock70,000
A company's total assets amount to $100,000 and its total liabilities are $40,000. What is the Stockholders' Equity? a) $140,000 b) $60,000 c) $100,000 d) $40,000 @@@ This question already posted and got correct answer. dont answer this question ,i will give 10 dislikes,. do not copy from chatgpt or any ai @@@
Active Fast Berhad has the following income statement items for 2021: Revenue/Sales RM559,236 Cost of goods sold RM311,003 EBIT RM248,233 Interest expenses RM93,938 Income tax expenses RM54,003 Dividend payment 40% of net profit What is the amount of the firm's retained earnings? Select one: a. RM163,438 b. RM60,175 c. RM40,117 d. RM148,910
Comparative Balance Sheets ($ in thousands) December 31 2024 2023 Assets: Cash $ 59 $ 46 Accounts receivable 115 135 Short-term investments 56 46 Inventory 230 158 Property, plant, and equipment (net) 660 595 $ 1,120 $ 980 Liabilities and Shareholders’ Equity: Current liabilities $ 270 $ 225 Bonds payable 175 175 Paid-in capital 445 445 Retained earnings 230 135 $ 1,120 $ 980 Questions Determine the return on shareholders’ equity for 2024. What does the ratio measure?
Using the “Statement of Income” worksheet, center the financial statement titles across the data below and bold the company name Thom-Pierre Consultants (TPC) Quarterly Schedule of Revenue For the year December 31, 2018 QTR1 QTR2 QTR3 QTR4 2018 Sales 290000 320000 320000 490000 1,420,000 Interest 102500 175000 180000 54000 511,500 Investment Income 13000 9500 10000 20000 52,500 Other 16000 25000 19500 29000 89,500 Total 421,500 529,500 529,500 593,000 2,073,500 Thom-Pierre Consultants (TPC) COMPARITIVE INCOME STATEMENT for years ended 31 December 2018 2019 Revenues and gains *Sales revenue *Interest revenue *Investment Income *Other revenue Total revenue and gains Expenses and losses **Cost of goods sold 460,000 **Selling…
Some selected financial statement items belonging to MNO Company are given in the table below. According to this information, which of the following is Return on Assets (ROA)? Inventory 12,500 Current Assets 50,000 Current Liabilities 40,000 Non-current Assets 90,000 Net Profit 12,000 Shareholders' Equity 65,000 Select one: a. 12.2% b. 18.5% c. 9.23% d. 13.3% Clear my choice