Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please answer all and show solution. I will give an upvote don't copy other answer from here 200 500 400 1,100 2,400 2,100 300 1,400
Please answer all and show solution. I will give an upvote don't copy other answer from here 200 500 400 1,100 2,400 2,100 300 1,400 400 100 500 200 200 200 500 700 1,400 3,400 1,200 600 102 1,498 10 1,488 607 881 635 246 200 7.31
Following are the financial statements of AB Ltd. for 2019. 3.400 400 1.200 200 500 100 600 400 500 102 Balance sheet (s in millions) Assets 2019 Liabilities and 2019 owners' equity Current assets: Current liabilities: Cash Accounts payable Accounts receivable Bills payable Inventory Total current liabilities Total current assets 1.100 Long-term liabilities: Long-term debt Fixed assets: Total long-term liabilities Property, plant, and 2.400 Shareholders' funds: equipment Less: Accumulated 2.100 Equity share capital depreciation (si per share) Net fixed assets Reserves & Surplus Total owners' equity 700 1.498 200 10 200 Income statement (S in millions) 2019 Sales Cost of goods sold Office and selling expenses Depreciation Earnings before interest and taxes Interest expense Earnings before taxes Taxes Net Income Dividends Transfer to reserves and surplus Other information Number of shares Outstanding (millions) Price per share 1.488 607 881 200 635 300 500 246 Total assets 200 1.400 1.400 Total liability and owners' equity 7.31 A. From the aforementioned table, calculate the following: 1. Current Ratio 2. Acid-Test Ratio 3. Receivables Turnover 4. Inventory turnover 5. Debt Ratio 6. Equity Ratio 7. Debt to Equity Ratio 8. Times Interest Earned 9. Gross Profit Rate 10. Operating Profit Margin 11. Net Profit Margin 12. Return on AssetsStep 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