You are presented with the following information relating to three companies: Required: Calculate the following accounting ratios:
Question:
You are presented with the following information relating to three companies:
Required:
Calculate the following accounting ratios:
(a) Return on capital employed
(b) Capital gearing.
Transcribed Image Text:
Statement of profit or loss for the year to 31 March 2017 Mark Limited £000 64 Profit before tax Capital and reserves Ordinary share capital of £1 each Share premium account Retained earnings Statement of financial position (extracts) at 31 March 2017 Luke Limited £000 Shareholders' funds Non-current liabilities Cumulative 15% preference shares of £1 each 10% debentures loans Mark Limited £000 100 150 250 ' |° || Luke Limited £000 22 0 177 70 60 307 20 John Limited £000 55 yoll John Limited £000 60 20 200 280 10 100 110
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (10 reviews)
Return on capital employed ROCE measures the profitability of a compan...View the full answer
Answered By
Aketch Cindy Sunday
I am a certified tutor with over two years of experience tutoring . I have a passion for helping students learn and grow, and I firmly believe that every student has the potential to be successful. I have a wide range of experience working with students of all ages and abilities, and I am confident that I can help students succeed in school.
I have experience working with students who have a wide range of abilities. I have also worked with gifted and talented students, and I am familiar with a variety of enrichment and acceleration strategies.
I am a patient and supportive tutor who is dedicated to helping my students reach their full potential. Thank you for your time and consideration.
0.00
0 Reviews
10+ Question Solved
Related Book For
Accounting For Non-Accounting Students
ISBN: 9781292128979
9th Edition
Authors: John R. Dyson, Ellie Franklin
Question Posted:
Students also viewed these Business questions
-
You are presented with the following information relating to three companies: Required: Calculate the following accounting ratios: (a) Return on capital employed (b) Capitalgearing. Profit and loss...
-
You are presented with the following information relating to Hedge public limited company for the year to 31 May 2011: 1. The company has an issued and fully paid share capital of 500,000 ordinary...
-
You are presented with the following information relating to Hedge public limited company for the year to 31 May 2016: The company has an issued and fully paid share capital of 500,000 ordinary...
-
Provide a brief description of the seven basic steps to use JDBC.
-
Claim: 0; = 0.10. Sample statistics: = -0.45, s = 2.38, n = 31 Test the claim about the population mean at the level of significance . Assume the population is normally distributed. If...
-
Information from the balance sheet and statement of income are given below for North Road Inc., a company following ASPE, for the year ended December 31. Additional information: 1. Investments in...
-
UK Ltd is the wholly-owned subsidiary of a US parent, US Inc. US Inc has a number of subsidiaries located in the US and in Europe. All group companies prepare financial statements to 31 December. For...
-
Complete Alvins Music Inc.s (AMI) 2020 Form 1120, Schedule D, and Schedule G (if applicable) using the information provided below. Neither Form 4562 for depreciation nor Form 4797 for the sale of...
-
The size of a population of bacteria (in average number per dish) introduced to a certain nutrient can be described by over time measured in hours by 33, 00013 110 + 19 To find the maximum size of...
-
students should: 1. Identify the various elements needed to conduct CVP analyses, 2. Describe the cost structure of a service company, 3. Apply CVP analysis in a multiproduct situation and for a...
-
The following information relates to Style Limited for the two years to 30 June 2016 and 2017, respectively: Required: (a) Calculate the following accounting ratios for the two years 2016 and 2017: ...
-
You are presented with the following summarised accounts: Required: Calculate the following accounting ratios (a) Return on capital employed (b) Gross profit (c) Capital turn (d) Debt to equity....
-
Use synthetic division to divide the first polynomial by the second. x + 2x - 17x - 10 x+5
-
William Bat became a baseball enthusiast at a very early age. All of his baseball experience has provided him valuable knowledge of the sport, and he is thinking about going into the batting cage...
-
The investment team is considering adding both shares in Westpac in the banking sector and shares in Santos in the resources sector to their existing portfolio of shares. The beta values for these...
-
Array Methods Download ArrayMethods.java. This will be your template for the assignment. Write a java program that has the following methods. Each method must be implemented using for loops: 1....
-
1. When constrained by a limiting resource, managers often seek to produce those products which have: a The highest selling prices. a The lowest average cost per unit. b The highest contribution...
-
A&E Landscaping Co. (A&E") is a small high-end landscaping company located in the Town of Skyview, Ontario. The company was established in 2018 by two cousins, Ana and Emma Inkling. The Inkling...
-
Use LexisNexis Academic to answer the following questions: a. Using the judge's last name Sotomayor, determine the treatments of the petitions for writ of certiorari decided on October 7, 2013. Also...
-
In Exercises 1-2, rewrite each verbal statement as an equation. Then decide whether the statement is true or false. Justify your answer. 1. The logarithm of the difference of two numbers is equal to...
-
Explain how an understanding of the adoption process would help you develop a promotion blend for digital tape recorders, a new consumer electronics product that produces high-quality recordings....
-
Explain how opinion leaders affect a firms promotion planning.
-
Discuss how the adoption curve should be used to plan the promotion blend(s) for a new automobile accessoryan electronic radar system that alerts a driver if he or she is about to change lanes into...
-
Based on the following data, determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows.
-
Cane Company manufactures two products called Alpha and Beta that sell for $ 2 2 5 and $ 1 7 5 , respectively. Each product uses only one type of raw material that costs $ 6 per pound. The company...
-
For its fiscal year ending October 3 1 , 2 0 2 2 , Sheridan Corporation reports the following partial data.. \ table [ [ Income before income taxes,$ 5 0 5 , 0 0 0
Study smarter with the SolutionInn App