Using the following balance sheet and profit and loss accounts, calculate and comment on ten accounting ratios
Question:
Using the following balance sheet and profit and loss accounts, calculate and comment on ten accounting ratios (ignore taxation):
Transcribed Image Text:
Fixed assets Equipment at cost Less Depreciation to date Current assets Stock Debtors Bank Less Current liabilities Creditors Dividends payable Bank overdraft Long-term liabilities 5% debentures Balance Sheet as at 31 March 20X6 (£000) 10 12 10 168 300 60 360 (340) 600 (200) 400 20 420 (100) 320
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
To calculate and comment on ten accounting ratios well use the information provided in the balance sheet and profit and loss account for the period ending 31 March 20X6 The ratios well calculate are 1 ...View the full answer
Answered By
Salmon ouma
I am a graduate of Maseno University, I graduated with a second class honors upper division in Business administration. I have assisted many students with their academic work during my years of tutoring. That has helped me build my experience as an academic writer. I am happy to tell you that many students have benefited from my work as a writer since my work is perfect, precise, and always submitted in due time. I am able to work under very minimal or no supervision at all and be able to beat deadlines.
I have high knowledge of essay writing skills. I am also well conversant with formatting styles such as Harvard, APA, MLA, and Chicago. All that combined with my knowledge in methods of data analysis such as regression analysis, hypothesis analysis, inductive approach, and deductive approach have enabled me to assist several college and university students across the world with their academic work such as essays, thesis writing, term paper, research project, and dissertation. I have managed to help students get their work done in good time due to my dedication to writing.
5.00+
4+ Reviews
16+ Question Solved
Related Book For
Frank Woods Business Accounting Volume 2
ISBN: 9780273693109
10th Edition
Authors: Frank Wood, Alan Sangster
Question Posted:
Students also viewed these Business questions
-
A small consulting company wants to make the switch to QuickBooks Online. All of their expenses are paid at the time they are incurred, so there is no need to track bills in the system. There is only...
-
The following balance sheet and income statement data were taken from the records of Mako Retail Supply for the year ended December 31, 2018: Prepare the operating section of the statement of cash...
-
The following balance sheet and income statement data were taken from the records of Martland Stores for the year ended December 31, 2018: Prepare the operating section of the statement of cash...
-
Figure 2 shows a 250 kg beam BC at the time instant when a 100 N horizontal force is applied to its end B for 10 s. a. Determine the tension in rods AB and CD at an arbitrary instant during the time...
-
True or False: 1. Money is anything that is generally accepted in exchange for goods or services. 2. In the United States, the Federal Reserve System issues paper currency. 3. Checks provide the...
-
Explain how the problems you listed in number 14-4 could have been caused by Libins inability to communicate. LO6
-
Recognize the major factors considered in deriving a final list or quoted price from the approximate price level.
-
Selecting Graphics Your Task. Identify the best graphics form to illustrate the following data. a. Figures comparing the costs of cable, DSL, and satellite Internet service in ten major metropolitan...
-
14:20 P Thatha, Kwakho and Uhambe were in a partnership which traded as Mnambithi Cars and they shared in the profits and losses of the partnership in the ratio of 1:2:1 respectively. They decided to...
-
7. 8. 9. An experiment is conducted using a fin as shown below. Temperature readings are collected along the length of the fin, which is made from copper with k-400W/m.K. Tb=50C x1 X L = 0.5m x2 h x3...
-
A company has capital of 1 million ordinary shares of 1 each. It pays a dividend of 6 per cent out of its profits after tax of 480,000 on sales of 4 million. The market price of the shares is 2.40....
-
What is the purpose in using each of the following ratios: (a) Current ratio (b) Net profit after tax : sales (c) Asset turnover (d) Interest cover (e) Dividend cover?
-
For the spring assemblage shown in Figure P2-5, obtain the global stiffness matrix by the direct stiffness method. Let k(1) = 1 kip in., k(2) = 2 kip in., k(3) = 3 kip in., k(4) = 4 kip/in., and k(5)...
-
If f ( x ) = - 6 x ^ 2 sin ( 3 x ) + 4 x cos ( 3 x ) what if f ' ( x ) ?
-
What is deformation?
-
What is a switched capacitor circuit?How do we design a switched capacitor circuit?
-
What is meant by wavelet fault diagnosis of an induction motor?
-
How do we design an electromagnetic relay?
-
Repeat parts (a)-(c) of Exercise 9.191 for a sample size of 20. Compare your power curves for the two sample sizes, and explain the principle being illustrated. The null and alternative hypotheses...
-
Why does the above list not split the liabilities into non-current and current?
-
The following balances remained in the books of AK Ltd on 31 March 2017, after the statement of profit or loss had been drawn up. You are to draft the statement of financial position as at 31 March...
-
Why do you think companies might ignore the requirements of International GAAP in this case?
-
Famas Llamas has a weighted average cost of capital of 8.8 percent. The companys cost of equity is 12 percent, and its pretax cost of debt is 6.8 percent. The tax rate is 22 percent. What is the...
-
The common stock of a company paid 1.32 in dividens last year. Dividens are expected to gros at an 8 percent annual rate for an indefinite number of years. A) If the company's current market price is...
-
(1 point) Bill makes annual deposits of $1900 to an an IRA earning 5% compounded annually for 14 years. At the end of the 14 years Bil retires. a) What was the value of his IRA at the end of 14...
Study smarter with the SolutionInn App