PQR Corp prepares its financial statements for the year ending December 31, 2023. The following information is
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Question:
PQR Corp prepares its financial statements for the year ending December 31, 2023. The following information is provided:
Item | Amount ($) |
---|---|
Total Assets (beginning) | $1,500,000 |
Total Liabilities (beginning) | $1,000,000 |
Net Income | $600,000 |
Dividends Paid | $200,000 |
Total Revenues | $1,800,000 |
Total Expenses | $1,200,000 |
Requirements:
- Calculate the total equity at the end of the year.
- Determine the earnings per share if the company has 40,000 shares outstanding.
- Compute the return on assets (ROA).
- Determine the debt-to-equity ratio at the end of the year.
- Calculate the profit margin ratio.
- Compute the total assets at the end of the year.
Related Book For
Advanced Financial Accounting
ISBN: 978-0137030385
6th edition
Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay
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