Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN: 9781285595047
Author: Weil
Publisher: Cengage
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From the following information, furnished by Ms. Anucampa pertaining to the financial year ended as on 31st march 2022,
Short term capital gains on sale of shares in an Indian company received in Japan - 10000
Dividend from a Chinese company received in China - 3000
Agricultural income from land in Madhya Pradesh - 5000
Dividend from PJV Ltd an Indian Company- 4745
Gross Rent from a residential property located at Singapore, later on remitted to the saving account in Bank of Maharashtra, Mumbai using the approved channels - 600000
Compute the total income and give reason for considering/ not considering these specific
items for the relevant assessment year 2022-23, if she is
a. Resident and ordinary resident
b. Non resident
1) please first tell the formula and understanding of the question
2) second what are the steps to be followed to get the answer
3) please write the answer in 3 option and what can we clarify from this
option 1,2 and 3 is to be followed in A and B both
Rotorua Products, Ltd., of New Zealand markets agricultural products for the burgeoning Asian consumer market. The company’s current assets, current liabilities, and sales have been reported as follows over the last five years (Year 5 is the most recent year):
image
$NZ stands for New Zealand dollars.
Required:
Express all of the asset, liability, and sales data in trend percentages. (Show percentages for each item.) Use Year I as the base year and carry computations to one decimal place.
Comment on the results of your analysis.
Certain financial ratios for The Gap for its most recent year are given below, along with the average ratios for its industry. Based on those ratios, answer the following.
1) Does The Gap seem to prefer to finance its assets with debt or with equity? How can you tell? What percent of its assets are funded with debt? What percent of its assets are funded with equity?
2) A supplier to The Gap sells merchandise to The Gap and asks to be paid within 60 days. While any of The Gap’s financial ratios might be of interest to the supplier, which of the ratios listed below do you think would likely be the most important one to the supplier? Why?
3) Which of the ratios presented suggest that, compared to its industry, The Gap may have a problem controlling its operating expenses? How can you tell? Your answer should clearly indicate that you understand why the ratio that you chose answers this question.
Here is the data for The Gap and its industry.
Financial Ratios…
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Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.Similar questions
- The accounting firm of Deloitte Touche is the largest international accounting firm in the world as ranked by total revenues. For two recent years, Deloitte Touche reported the following for its U.S. operations: a. For the current and previous years, determine the revenue per professional staff. b. Interpret the trend between the two years.arrow_forwardSouthwest Airlines Co.(LUV) provides passenger services throughout the United States, Mexico , Jamaica, the Bahamas, Aruba and the Dominican Republic, The following operating data(in millions) were adapted from recent financialstatements of Southwest.arrow_forwardthe following information was drawn from the balance sheets of the kansas and montana companies: current assets: kansas-54,000 montana- 76,000 current liabilites: kansas-27000 montana-30400 a. compute the current ration for each company. b. which company has the greater likelihood of being able to pay its bills? c. assume that both companies have the same amount of total assets. Speculate as to which company would produce the higher return on assets ratio?arrow_forward
- Deere Company (DE) manufactures and distributes farm and construction machinery that it sells around the world. In addition to its manufacturing operations, Deeres credit division loans money to customers to finance the purchase of their farm and construction equipment. The following information is available for three recent years (in millions except per-share amounts): 1. Calculate the following ratios for each year. Round ratios and percentages to one decimal place, except for per-share amounts, which should be rounded to the nearest cent. a. Return on total assets b. Return on stockholders' equity c. Earnings per share d. Dividend yield e. Price-earnings ratio 2. Based on these data, evaluate Deeres profitability.arrow_forwardGrammatico Company has just completed its third year of operations. The income statement is as follows: Selected information from the balance sheet is as follows: Required: Note: Round answers to two decimal places. 1. Compute the times-interest-earned ratio. 2. Compute the debt ratio. 3. CONCEPTUAL CONNECTION Assume that the lower quartile, median, and upper quartile values for debt and times-interest-earned ratios in Grammaticos industry are as follows: How does Grammatico compare with the industrial norms? Does it have too much debt?arrow_forward
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