Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Financial Accounting Final Home work:Current Assets:A . Cash and Cash Equivalents 1 - Cash ( Actives ) 2 - Banks | 3 - Marketable securitiesC
Financial Accounting Final Home work:Current Assets:A Cash and Cash Equivalents CashActives Banks Marketable securitiesC Trade receivables: Account's Receivable Notes receivableE. Inventories CommoditiesNon Current Assets:DTangible assets VehiclesFurniture and fixturesTotal Actives Accumulated depreciation Section ABC Company's Opening Balance Sheet TLThe opening balance sheet of ABC Company is given above. Make thetransactions below and prepare the ending balance sheet of the ABC Company.According to the balance sheet you have done, answer and calculate the marginsand ratios in the section Write your thoughts and comments about thecompany according to the end balance sheet ratios and point out the strong andweak sides of the company. Write your guesses about the future of this company The company sokd TI worth of commodities. In Exchange received a worth of check.The remaining amount has not been paid yet.PassivesShortterm liabilities:B Trade payables The company has sold a vehicle with a purchase cost of TL for a price of TL againsta promissory note. The accumulated depreciation on the vehick at the time of sak is TL The company has sokd half of the acquired shares at a unit price of TL through a bank A deposit of TL in cash has been paid for a newly opened natural gas subscription Accounts payable Notes payableLongterm liabilities: Bank loans The company has purchased shares at a unit price of TL through a bank. Additionally, acommniss ion fee of TL related to the purchase has been paid to the bank Using TL in cash from the bank, the company has prchased dollars. The acquiredforeign currency has been retained in cash. The exchange rate at the time of purchase is Dolar TLa Calculate the company's net profittoequity ratio for the period.Total Passivesb Cakukate the comnpany's operating profit marginShareholders' equity:Paidin capital The company has placed an order to purchase a new vehicle and made a payment of TL to these ller through the bank.c Cakulate the company's asset turnover ratio.d Calculate the company's gross profit The company has purchased goods totaling TL paying TL in cash, endorsing apromissory note for TL and utilizing credit for the remaining amount. A transportation cost of TL has been endorsed through a check A previously ordered passenger car has been received. After ofsetting the previous ly paid advanceof TL the remaining amount has been paid from the bank account. The purchase cost of thevehicle is TLe Cakulate the company's liquidity acidtest ratio.f Calculate the company's current ratio The portion of defective goods amounting to TL has been returned to the company. The cost ofthe retumed goods is TLg Calculate the company's net operating capital.h Calculate the company's equity ratio.Previous years' profits
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started