Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Dyson Products Ltd. Balance Sheet October 31, 2019 begin{tabular}{|c|c|c|c|c|c|c|c|} hline multirow{2}{*}{multicolumn{8}{|c|}{begin{tabular}{l} Assets Current Assets end{tabular}}} hline & & & & & & &

image text in transcribedimage text in transcribedimage text in transcribed

Dyson Products Ltd. Balance Sheet October 31, 2019 \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline \multirow{2}{*}{\multicolumn{8}{|c|}{\begin{tabular}{l} Assets \\ Current Assets \end{tabular}}} \\ \hline & & & & & & & \\ \hline Cash & & & $ & 138,360 & & $ & 68,590 \\ \hline Short-term Investments & & & $ & 50,500 & & $ & 82,300 \\ \hline Accounts Receivable & $ & 36,540 & & & $22,675 & & \\ \hline Less: AFDA & $ & (3,654) & $ & 32,886 & $(2,948) & $ & 19,727 \\ \hline Inventory & & & $ & 133,279 & & $ & 121,420 \\ \hline Prepaid Expenses & & & $ & 4,800 & & $ & 3,600 \\ \hline Total Current Assets & & & $ & 359,825 & & $ & 295,637 \\ \hline Capital Assets - Net of accumulated amortization & & & $ & 541,300 & & $ & 489,200 \\ \hline Long term-investments & & & $ & 40,000 & & $ & 20,000 \\ \hline Total Assets & & & $ & 941,125 & & $ & 804,837 \\ \hline \multicolumn{8}{|l|}{ Liabilities } \\ \hline \multicolumn{8}{|l|}{ Current Liabilities } \\ \hline Accounts payable & & & $ & 53,470 & & $ & 32,290 \\ \hline Interest payable & & & $ & 5,990 & & $ & 3,760 \\ \hline Wages payable & & & $ & 14,698 & & & 10,364.92 \\ \hline Total Current Liabilities & & & $ & 74,158 & & $ & 46,415 \\ \hline Loans payable & & & $ & 490,525 & & $ & 395,690 \\ \hline Total Liabilities & & & $ & 564,683 & & $ & 442,105 \\ \hline \multicolumn{8}{|l|}{ Shareholders Equity } \\ \hline Share capital & & & $ & 1,000 & & $ & 1,000 \\ \hline Retained Earnings & & & $ & 375,442 & & $ & 361,732 \\ \hline Total Liabilities and Shareholders Equity & & & $ & 941,125 & & $ & 804,837 \\ \hline \end{tabular} You are reviewing the financial information for a company that you are considering investing in. Using the information provided above, calculate the following ratios for the current year and prior year where noted. Round all amounts to the nearest one decimal point for example, 2.6

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

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

The Management Audit How To Create An Effective Management Team

Authors: Michael Craig-Cooper, Philippe De Backer

1st Edition

0273600044, 978-0273600046

More Books

Students also viewed these Accounting questions

Question

Describe the five elements of the listening process.

Answered: 1 week ago