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please answer me!! thank you :-) The following information is extracted from the 2019,2020 and 2021 financial statements of a business. a 2021(5) 2020(5) 2019(5)
please answer me!! thank you :-)
The following information is extracted from the 2019,2020 and 2021 financial statements of a business. a 2021(5) 2020(5) 2019(5) Current Assets 13,600 9,600 8,640 Non-current Assets 56,000 43,200 30,400 Non-current Liabilities 26,400 27,200 19,200 Net Assets 35,200 22,000 16,160 Total Income 72,000 58,400 48,000 Total Expenses 34,400 37,600 26,400 a. (4 marks) Calculate the ratios and complete the table below. Round your answer to the nearest 0.01% (20p). Do not include the % symbol. Do not use comma separators. For example, if your answer in decimal is 0.12345 (which equals to 12.35%), 12.35 would be the correct format. 2021 2020 Return on Assets % % Profit Margin % % 2021 b. (4 marks) Calculate the ratios and complete the table below. Round your answer to the nearest 0.01 (20p). Do not include any symbol. Do not use comma separators. For example, if your answer in decimal is 0.12345, 0.12 would be the correct format. 2020 Current Ratio Debt to Total Assets ratio 31 21 :1 c2 marks) Which one of the following statements is correct regarding the ratio analysis for the two years? The business had trouble meeting its short-term debts in 2020 according to the rule of thumb. The business had trouble meeting its short-term debts in 2021 according to the rule of thumb. The business had higher profit margin in 2020. The business had a lower risk to survive in the long term in 2021. The business used its assets less efficiently in 2021 to generate profit. d. (2 marks) Which one of the following transactions can immediately improve the Return on Assets? d. (2 marks) Which one of the following transactions can immediately improve the Return on Assets? OReceived $2,000 cash for services provided and recorded before. Purchase supplies for $6,000 on credit. OReceive $1,500 cash for services to be provided in the future. ORepay bank loan of $50,000. O Receive $7,000 cash contributed by the owner. e. (2 marks) Which one of the following transactions can immediately improve the Current Ratio? Adjust the expired prepaid insurance of $900. OBorrow $60,000 bank loan due in 3 years' time. Record $1,300 deprecation for Equipment OReceive $2,000 cash for services provided and recorded before. Purchase equipment for $9,000 on credit Step by Step Solution
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