FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Allianze Ltd has the following data information as of 30 June 2022: Current assets of $ 6,970 Net fixed assets of $18,700 Current liabilities of

Allianze Ltd has the following data information as of 30 June 2022:

Current assets of $ 6,970

Net fixed assets of $18,700

Current liabilities of $4,570

Long term debts of $9,490.

Required:

a. Calculate shareholders equity and prepare a balance sheet for the company for the period.

b. How much is net working capital of the company?

c. Calculate the return on assets of the company given the return on equity is 20%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Finance questions

Question

5.53 Coincidence in your life State an event that has happened to you or to someone you know that seems highly coincidental (such as seeing a friend while on vacation). Explain why that event may not...

Answered: 1 week ago

Question

★★★★★
Florida Palms Country Club adjusts its accounts monthly. Club members pay their annual dues in advance by January 4. The entire amount is initially credited to Unearned Membership Dues. a. At the end...

Answered: 1 week ago

Question

★★★★★
SWAT Surplus began March 2018 with 100 tents that cost $10 each During the month, the company made the following purchases at cost (Click the icon to view the purchases.) The company sold 318 tents,...

Answered: 1 week ago

Question

★★★★★
The Current Director Board Executive Directors: Mr. Thomas Tang, aged 65, is the chairman of Fortune and has over 45 years of experience in the development and manufacturing and sale of home...

Answered: 1 week ago

Question

★★★★★
For the following fact pattern, discuss Padma's liability to Vidal, if any, for any intentional torts. Padma hates Vidal. One day Padma sees Vidal riding his horse on the bridle path. Padma runs up...

Answered: 1 week ago

Question

★★★★★
In the same way that classical economic theory models false assumptions about rational man, the CSR and sustainability debate, for the most part, models equally false assumptions about ______ man....

Answered: 1 week ago

Question

★★★★★
Jeffrey was 54 years old when he was hired as a disc jockey by Luke. Two years later, as Luke's business was failing, Jeffrey was laid off by Luke. Jeffrey learns that a few weeks after he left, he...

Answered: 1 week ago

Question

★★★★★
The brief 3-minute read introduces us to the Korean understanding of "Maum" (Mind). The reading is offered to stimulate thoughts and discussion on how culture impacts the creation of culture-specific...

Answered: 1 week ago

Previous Question Next Question