FINANCIAL ACCT-CONNECT
FINANCIAL ACCT-CONNECT
8th Edition
ISBN: 9781266627903
Author: Wild
Publisher: INTER MCG
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Attached is Apple Inc.'s financial information. Please answer questions 1-3.  1. Apple's acid-test ratio in 2021 is  a. 1.49  b. 1.22 c. 1.56  d. 0.91    2. Apple's days' sales in receivables in 2021 is  a. 61.26  b. 50.69  c. 38.27 d. 46.18   3. Apple's long term debt to equity ratio in 2021 is  a. 2.54 b. 1.64 c. 0.87 d. 1.89
Information for questions 12 and 13 The following are extracts from the financial statements of a company for the two years ended 31 December 2016 and 2017. Statement of financial position as at 31 December Inventory Trade receivables Cash and bank balances Bank overdraft Trade payables 2016 £000 590 275 25 200 1,218 1,536 2017 £000 465 425 76 450 710 2,728 Non-Current assets Non-Current liabilities 0 300 Issued £1 Ordinary Shares 5,000 5,500 The income statement for the year ended 31 December 2017 shows an operating profit of c) £1,265,000 d) £1,815,000 £1,500,000 after charging depreciation of £600,000 and a profit on disposal of a non-current asset of £52,000. Q12. The change in the company's cash and cash equivalents for the year ended 31 December 2017 was: a) Outflow £199,000 b) Inflow £1 16,000 c) Outflow £89,000 d) Inflow £51,000 Q13. The cash flow from operations of the company for the year ended 31 December 2017 was: a) £1,515,000 b) £1,619,000
The comparative financial statements of Bettancort Inc. are as follows. The market price of Bettancort Inc. common stock was $71.25 on December 31, 2014. InstructionsDetermine the following measures for 2014, rounding to one decimal place:1. a.Working capital b. Current ratio c. Quick ratiod. Accounts receivable turnovere. Number of days' sales in receivablesf. Inventory turnoverg. Number of days' sales in inventoryh. Ratio of fixed assets to long-term liabilitiesi. Ratio of liabilities to stockholders’ equityj. Number of times interest charges are earnedk. Number of times preferred dividends are earned2. a. Ratio of net sales to assetsb. Rate earned on total assetsc. Rate earned on stockholders' equityd. Rate earned on common stockholders' equitye. Earnings per share on common stockf. Price-earnings ratiog. Dividends per share of common stockh. Dividend yield

Chapter 11 Solutions

FINANCIAL ACCT-CONNECT

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