Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Accounting On january 2017 TMK consulting company started its work. With the following data as on December 31,2017: Cash at bank 80,000 Loans 150,000 Receivables

Accounting On january 2017 TMK consulting company started its work. With the following data as on December 31,2017: Cash at bank 80,000 Loans 150,000 Receivables 150,000 Capital 100,000 Fixed assets 250,000 Accrued Expense 120,000 Rent 18,000 Consultants salaries 300,000 Advertising expense 33,000 Loans interest 15,000 Consulting revenue 500,000 Employees salaries 24,000 Extract the following financial indicators from the financial statements data, indicating an analysis of the results each financial indicator: Current ratio Receivables turnover rate Average collection period Return on sales rate Return on investments rate Return on fixed assets rate Debts percentage PART B: Extract the expected capital payback period.

Step by Step Solution

3.32 Rating (155 Votes )

There are 3 Steps involved in it

Step: 1

1 Current ratiocurrent assetscurrent liabilities 80000150000150000153 times 2 Rec... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Horngrens Financial and Managerial Accounting

Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura

4th Edition

978-0133251241, 9780133427516, 133251241, 013342751X, 978-0133255584

More Books

Students also viewed these Accounting questions

Question

True or False: You can write a class that extends the JPanel class.

Answered: 1 week ago