Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

compute the following ratios for 2017 and 2018 Current ratio. Acid-test ratio. (e) Accounts receivable turnover. Inventory turnover. Profit margin. (f Asset turnover. Return on

compute the following ratios for 2017 and 2018
  1. Current ratio.
  2. Acid-test ratio.

(e) Accounts receivable turnover.

  1. Inventory turnover.
  2. Profit margin.

(f Asset turnover.

  1. Return on assets.
  2. Return on common stockholders' equity.
  3. (i Debt to assets ratio.
image text in transcribed
AED milion Assets Cash and balances with central banks Due from banks and financial instututions Islamic financing and inverting assets, net Investments in Isiamic Sukuk measured at amortized cost Other investments at fair value investments in associates and joint ventures Properties held for sale Investment properties Receivables and other assets Property, plant and equipment Total Assets \begin{tabular}{r|r|} \hline 31 Dec 2018 & 31 Dec 2017 \\ \hline Audited & Audited \\ 22,546 & 27,885 \\ 8,297 & 4,677 \\ 144,739 & 133,334 \\ 31,179 & 24,023 \\ 1,687 & 1,962 \\ 1,928 & 2,136 \\ 1,449 & 1,274 \\ 4,495 & 3,570 \\ 6,048 & 7,339 \\ 1,314 & 1,136 \\ 223,682 & 207,337 \end{tabular} Liabilities and Equity. Liabilities Customers' deposits Due to banks and financlal institutions Sukuk financing instruments Payables and other llabilities Total Labiities Equity Share Capital Tier 1 Sukak Other Reserves and Treasury Shares Investments Fair Value Reserve Exchange Transaction Reserve Retained Earnings Equity Attributable to owners of the banks Non-Controling interest Total Equity Total Labilities and Equity 155,65713,20312,3718,324189,5556,5907,34610,861(850)(1,052)8,56931,4642,66334,127223,682147,18114,8788,6597,739178,4564,9427,3467,786(615)(485)6,96425,9382,94328,881207,337

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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_2

Step: 3

blur-text-image_3

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

Basic Accounting Concepts Principles And Procedures Volume 1

Authors: Gregory Mostyn, Worthy And James

2nd Edition

0991423100, 978-0991423101

More Books

Students also viewed these Accounting questions

Question

Who should write the business plan?

Answered: 1 week ago

Question

How can we confi rm both ourselves and others?

Answered: 1 week ago