Selected Financial information related to ABC Pvt. Ltd. are presented below: In Rupees (Rs.) 2021 2022 Sales 69,000 43,000 Cost of Goods Sold 57,000 32,500 Debtors 7,200 3,000 Inventories 11,400 5,500 Cash 1,500 800 Other Current Assets 4,000 2,700 Current Liabilities 16,000 11,000 You are required to compute the Current ratio, Quick ratio, Average debt collection period and Inventory Turnover ratio for the year 2022. At the beginning of year 2021, the company had debtors of Rs. 2,500 and inventories of Rs. 3.000.
Q: Suppose the following financial data were reported by 3M Company for 2019 and 2020 (dollars in…
A: 2020 2019 Total current assets 11,450 9,625 Total current liabilities…
Q: In 2021, Miralku Power Corp had sales of P200 million, and have 5.O inventory turnover ratio. The…
A: Sales = P200 million Inventory turnover ratio = 5.0 Inventory = Sales/Inventory turnover ratio…
Q: Selected hypothetical financial data of Target and Wal-Mart for 2022 are presented here (in…
A: Solution: Ratio Formula Target Walmart (1) Current ratio = CURRENT ASSETS/CURRENT…
Q: Use the balance sheet and income statement below: CLANCY’S DOG BISCUIT CORPORATION Balance Sheet…
A: The statement of cash flows is the one in which cash inflows/outflows are shown related to three…
Q: LOCKDOWN Corp. has the ending balances as December 31, 2020: Cash - 110,000 Fixed Assets - 155. 000;…
A: "Since you have asked multiple questions, we will solve the first question for you". If you want any…
Q: SKYSONG, INC. Income Statement
A: The dividend payout ratio is the measure of dividends paid out to shareholders relative to the…
Q: Operating data for Riverbed Corp are presented below. 2022 2021 Sales revenue $850,500…
A: Vertical analysis: It is a method of analyzing the financial statement in which each item is shows…
Q: Consider the following financial statement information for Hi-Tech Instruments: 2020 (Thousands of…
A: SOLUTION CURRENT RATIO = CURRENT ASSET / CURRENT LIABILITIES .
Q: All sales were on credit. Net cash provided by operating activities for 2022 was $242,000. Capital…
A: As per the honor code, we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit…
Q: Ramakrishnan, Inc., reported 2021 net income of $20 million and depreciation of $3,400,000. The top…
A: Net cash flow from operating activities represents the net cash inflow and net cash outflow due to…
Q: From the given data, calculate the Debt to Total Assets Ratio for the MultiVerse Corp for 2021:…
A: Debt to Total Assets ratio = Long term debt + Short term debtTotal Assets
Q: The following data are provided for Cet Company: December 31 2021 2020 Cash $ 1,500,000 $ 1,000,000…
A: Current ratio = Current assets / Current liabilities
Q: Use the folloiwng information to complete the financial statement as follows Profit margin rtio 20%…
A: Income statement is a statement that helps in determining the income or the profit and loss of a…
Q: Consider the following financial statement information for Hi-Tech Instruments: 2020 (Thousands of…
A: Sales revenue $210,000,000 Less: Cost of goods sold 125,000,000 Gross profit $85,000,000
Q: JP Inc. had the following information expressed in millions of $: 2019 2020 Net Fixed Assets 2,000…
A: We need to find FCF to calculate the Intrinsic value of the firm:FCF 2020=After tax operating…
Q: Consider the following financial statement information for Hi-Tech Instruments: 2020 (Thousands of…
A: >Ratio analysis is the analytical process that starts once the financial statements have been…
Q: A company has the following items for the fiscal year 2020: Cash = 2 million Marketable securities =…
A: Current ratio is the short term liquidity ratio calculated by dividing current assets by its current…
Q: Southwestern Industries has the following selected data ($ in millions): Balance sheet data Total…
A: Debt to Equity Ratio: Debit and Equity both are used to provide funds to the business. The debt to…
Q: he following information is from Dejlah, Inc.s, financial statements. Sales (all credit) were AED…
A: The Balance Sheet shows the values of assets and liabilities of the company at a particular date.
Q: Selected hypothetical comparative statement data for the giant bookseller Barnes & Noble are…
A: Formulas:
Q: The financial statements of Island Furniture Company include the following items: 2025 2024…
A: Acid test Ratio formulae is given below Acid test= Current assets- inventories/current Liabilities…
Q: Financial information for Powell Panther Corporation is shown below: Powell Panther Corporation:…
A:
Q: Ramakrishnan, Inc., reported 2021 net income of $20 million and depreciation of $2,700,000. The top…
A: Net Income = 20 million Depreciation = 2.7 million Increase in Cash and Marketable securities = 13…
Q: Summerfields Sdn Bhd Balance Sheet as at 31 December 2020 (RM’000) Cash 400 Account payable 1,200…
A: External Financing Needs = (A/S) x (Δ Sales) - (L/S) x (Δ Sales) - (PM x FS x (1-d)) where, A / S:…
Q: Condensed balance sheet and income statement data for Pina Corporation are presented here. PINA…
A: As posted multiple sub parts we are answering only first three kindly repost the unanswered…
Q: Below is the Statement of Financial Position for Rafah Islamic Bank: RAFAH ISLAMIC BANK STATEMENT OF…
A: Zakat Payment It is an important part in Islamic culture to pay portion of income which are donated…
Q: The comparative Statements of Financial Position for Mason Company are presented below. MASON…
A: Horizontal analysis refers to analyzing each item of the financial statement by comparing it with…
Q: Please include part D.
A: Times interest earned ratio: The times interest earned ratio shows an organization ability to pay…
Q: Calculate the following ratios based on the upcoming data based on the 2021 year-end. 13.1 Current…
A: Disclaimer: “Since you have asked multiple questions, we will solve the first question for you. If…
Q: Condensed balance sheet and income statement data for Bridgeport Corporation are presented here.…
A: Hi student Since there are multiple subparts, we will answer only first three subparts.
Q: Suppose McDonald’s 2022 financial statements contain the following selected data (in millions).…
A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…
Q: Ramakrishnan, Inc, reported 2021 net income of $20 million and depreciation of $2,700,000. The top…
A: The cash generated or used through operating activities of a business is known as cash flow from…
Q: Selected hypothetical financial data of Target and Wal-Mart for 2022 are presented here (in…
A: Hi student Since there are multiple subparts, we will answer only first three subparts. If you want…
Q: Below are the Statement of Financial Position of Malibu Finance Inc for the year 2020. Statement of…
A: Formulas: Debt ratio = Total liabilities / Total assets Equity ratio = Total shareholders equity /…
Q: A company has the following items for the fiscal year 2020: Total Equity = 15 million Total Assets =…
A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…
Q: The half year results of Manhattsons Manufacturing Ltd have been completed at 31 August 2019. The…
A: A budget is a forecast of revenue and expenses for a certain future period of time that is generally…
Q: Use the folloiwng information to complete the financial statement as follows Profit margin rtio…
A: Balance Sheet includes: Assets accounts Liabilities accounts Shareholder's accounts
Q: 2.The following information is from Dejlah, Inc.s, financial statements. Sales (all credit) were AED…
A: Ratio analysis is very important technique of management analysis which is used by management for…
Q: Presented below are the financial statements of Swifty Corporation. Swifty Corporation Comparative…
A: An financial gain clarification could be a business report that proides ttal information with regrd…
Q: Selected hypothetical comparative statement data for the giant bookseller Barnes & Noble are…
A: Ratio analysis: This is the quantitative analysis of financial statements of a business enterprise.…
Q: Selected hypothetical financial data of Target and Wal-Mart for 2022 are presented here (in…
A: Since you have posted a question with multiple sub-parts, we will solve the first three subparts for…
Q: Nordstrom, Inc. operates department stores in numerous states. Selected hypothetical financial…
A: In the context of the given question, we compute the financial ratios. So, we explain those formulas…
Q: The following selected information (in thousands) is available for Carla Vista Inc.: 2021 2020 Total…
A: Solution:- Given, Information is available for Carla Vista Inc., Solvency ratios of Carla Vista…
Q: Consider the following financial statement information for Hi-Tech Instruments: 2020 (Thousands of…
A: Average total assets = (beginning total assets + ending total assets)/2 = (172,000+167,000)/2 =…
Q: Selected hypothetical comparative statement data for the giant bookseller Barnes & Noble are…
A: Formula used: Profit margin=Net incomeNet sales×100 Asset turnover=Net salesAverage total assets…
Q: The comparative balance sheets for Novak Corporation show the following information. December…
A: The cash flow statement assesses a corporation's ability to handle its cash balance, or how…
Q: nterpret the results of the debt to equity ratio and how the company has managed debt over the last…
A: Debt equity ratio of the business means that out of total equity balance owned by the company, how…
Q: Selected hypothetical financial data of Target and Wal-Mart for 2022 are presented here (in…
A: Solution- Income Statement Target…
Q: Nightwish Corporation shows the following information on its 2021 income statement: Sales =…
A: Cash flow is the cash inflow and cash outflow in an organization. Cash inflow of any project…
Q: The following information is from Dejlah, Inc.s, financial statements. Sales (all credit) were AED…
A: Balance sheet refers to the kind of financial statement of a company which is prepared at the end of…
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 3 images
- Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of Automotive Solutions Inc. are as follows. The market price of Automotive Solutions Inc. common stock was $119.70 on December 31, 20Y8 Instructions Ratio of fixed assets to long-term liabilitiesSelected comparative statement data for Oriole Company are presented below. All balance sheet data are as of December 31. 20222021Net sales$1,165,000 $1,125,000Cost of goods sold705,000 645,000Interest expense20,000 15,000Net income154,945 145,000Accounts receivable145,000 125,000Inventory105,000 100,000Total assets785,000 700,000Preferred stock (6%)205,000 200,000Total stockholders’ equity635,000 525,000 Compute the following ratios for 2022. (Round answers to 1 decimal place, e.g. 1.8 or 2.5%) (a)Profit marginenter the profit margin in percentages %(b)Asset turnoverenter the asset turnover in times times(c)Return on assetsenter the return on assets in percentages %(d)Return on common stockholders’ equityenter the return on common stockholders' equity in percentages %The condensed financial statements of Carla Vista Co. for the years 2021 and 2022 are presented below. CARLA VISTA CO.Balance SheetsDecember 31 (in thousands)20222021Current assets Cash and cash equivalents$330$360 Accounts receivable (net)590520 Inventory640570 Prepaid expenses130160 Total current assets1,6901,610Property, plant, and equipment (net)410380Investments130130Intangibles and other assets530510 Total assets$2,760$2,630Current liabilities$940$910Long-term liabilities660560Stockholders’ equity—common1,1601,160 Total liabilities and stockholders’ equity$2,760$2,630 CARLA VISTA CO.Income StatementsFor the Year Ended December 31 (in thousands)20222021Sales revenue$3,980$3,640Costs and expenses Cost of goods sold1,0901,010 Selling & administrative expenses2,4002,330 Interest expense1020 Total costs and expenses3,5003,360Income before income taxes480280Income tax expense192112Net income$ 288$ 168 Compute the following ratios for 2022 and 2021.…
- The following are the financial statement Kin Ltd. for the year ended 31 March 2020: Kin Ltd. Income statement For the year ended 31 March 2020 $”M” Revenue 1276.50 Cost of sales (907.00) 369.50 Distribution costs (62.50) Administrative expenses (132.00) 175.00 Interest received 12.50 Interest paid (37.50) 150.00 Tax (70.00) Profit after tax 80.00 Kin Ltd. Statement of financial position as at 31 March 2020 2019 $”M” $”M” ASSETS: Non- current assets: Property, plant and equipment 190 152.5 Intangible assets 125 100 Investments 12.5 Current assets: Inventories 75 51 Receivables 195 157.5 Short-term investment 25 Cash in hand 1 0.5 Total assets 611 474 Equity and liabilities: Equity: Share capital (10 million ordinary shares of $ 10 per value) 100 75 Share premium 80 75 Revolution reserve 50 45.5 Retained earnings 130 90 Non-current liabilities:…Given below are the Statements of Financial Position and the Statement of Profit or Loss for BA107 Trading Bhd: 2020 (RM) Sales 505,000 Cost of sales (105,000) Gross profit 400,000 Expenses (252,000) Profit before tax 148,000 Taxation (40,000) Profit after tax 108,000 2020 2019 (RM) (RM) Property, plant and equipment 355,000 300,000 Trade receivables 80,000 75,000 Inventory 145,000 120,000 Bank balance 24,500 15,000 604,500…Carmela Company, as of December 31, 2021 provided the following balances: Cash, net of a P7,000 overdraft 80,000 Receivable, net of customer credit balances totaling P6,000 30,000 Inventory (P20,000 of which are held on consignment) 60,000 Prepayments 10,000 Property, plant and equipment, net of accumulated depreciation of P15,000 90,000 Accounts payable net of debit balances in suppliers’ accounts of P3,000 45,000 Notes payable – bank, due on July 2022 25,000 Income tax payable 15,000 Total current assets reported in the December 31, 2021 balance sheet is
- Sandhill Co. reported the following information for 2020: Sales revenue $2520000 Cost of goods sold 1748000 Operating expenses 282000 Unrealized holding gain on available-for-sale securities 85700 Cash dividends received on the securities 9200 For 2020, Sandhill would report comprehensive income of A.$85700. B.$499200. C.$575700. D.$584900.The following summarized statement of financial position relate to Track Ltd as at 30th June: Details 20x7 20x8 Shs '000' Shs '000' Shs '000' Shs '000' Non-current assets 500 650 Less: Accumulated Depreciation (200) (300) Net Book Value 300 350 Investments at cost 200 50 Current Assets Inventory 400 00 Accounts receivable 1,350 1,550 Cash and Bank 100 - 1850 2,250 Current Liabilities Bank Overdrafts - 60 Accounts payable 650 90 Taxation 230 190 Proposed dividends 150 130 (1030) (110) Total Assets 1320 1,480 Capital and Reserves Called-up share capital Shs I ord. Shares 500 50 Share premium A/c 150 200…The following are the financial statement JNC Ltd. for the year ended 31 March 2020: JNC Ltd. Income statement For the year ended 31 March 2020 $”M” Revenue 1276.50 Cost of sales (907.00) 369.50 Distribution costs (62.50) Administrative expenses (132.00) 175.00 Interest received 12.50 Interest paid (37.50) 150.00 Tax (70.00) Profit after tax 80.00 JNC Ltd. Statement of financial position as at 31 March 2020 2019 $”M” $”M” ASSETS: Non- current assets: Property, plant and equipment 190 152.5 Intangible assets 125 100 Investments 12.5 Current assets: Inventories 75 51 Receivables 195 157.5 Short-term investment 25 Cash in hand 1 0.5 Total assets 611 474 Equity and liabilities: Equity: Share capital (10 million ordinary shares of $ 10 per value) 100 75 Share premium 80 75 Revolution reserve 50 45.5 Retained earnings 130 90 Non-current liabilities: Loan 85 25…
- UTV Corp. have the following account balances for the year ended December 31, 2020:DEBIT BALANCESAmountCash and cash equivalents400,000Accounts receivable900,000Raw materials560,000Goods in process600,000Finished goods1,400,000Financial assets at FVOCI2,500,000Sinking fund200,000Land1,000,000Building6,000,000Plant and equipment2,400,000Patent800,000Goodwill1,400,000Unrealized loss – FVOCI100,000Prepaid benefit cost20,000Treasury shares at cost250,000TOTAL18,530,000 CREDIT BALANCESAmountBank overdraft100,000Due from an officer50,000Allowance for bad debts40,000Accumulated depreciation – building1,600,000Accumulated depreciation – plant and equipment400,000Notes payable, due June 30, 20211,300,000Notes payable, due June 30, 20222,100,000Accounts payable1,000,000Provision180,000Warranty liabilities80,000Income tax payable120,000Finance lease liability180,000Deferred tax liability280,000Actuarial gain300,000Revaluation surplus360,000Share capital6,000,000Share premium2,000,000Retained…Problem BPeter Senen Corporation provided the following account balances as of September 30, 2020: CashP112,000 Accumulated depreciationP 36,000Accounts Receivable64,000Accounts payable 40,000Finished Goods48,000Income tax payable9,000Work in process 36,000 Share Capital500,000Raw materials 52,000 Retained Earnings207,000Property and Equipment480,000The following transactions occurred during October:1. Materials purchased on account, P150,0002. Materials issued to production: direct materials- P90,000, Indirect materials- P10,000.3. Payroll for the month of October 2020 consisted of the following (also paid during the month):Direct labor P62,000Administrative salariesP16,000Indirect Labor 20,000Sales salaries 30,000Payroll deductions were as follows:Withholding taxes P19,800Phil health contributions P2,000SSS contributions 7,100HDMF contributions 2,0004. Employer contributions for the month were accrued:FactorySellingAdministrativeSSS contributionsP5,700P2,000P1,100Philhealth…The following are the financial statement Quick Ltd. for the year ended 31st December 2020: Quick Ltd. Income statement For year ended 31st December 2020 $”000” Revenue 1276.50 Cost of sales (907.00) 369.50 Distribution costs (62.50) Administrative expenses (132.00) 175.00 Interest received 12.50 Interest paid (37.50) Profit before tax 150.00 Tax (70.00) Profit after tax 80.00 Quick Ltd. Statement of financial position as at 31 December 2020 2019 $”000” $”000d” ASSETS: Non- current assets: Property, plant and equipment 190 152.5 Intangible assets 125 100 Investments 12.5 Current assets: Inventories 75 51 Receivables 195 157.5 Short-term investment 25 Cash in hand 1 0.5 Total assets 611 474 Equity and liabilities: Equity: Share capital 100 75 Share premium 80 75 Revolution reserve 50 45.5 Retained earnings 130 90 Non-current liabilities: Loan 85 25…