Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QUESTION 1 ABCI bough bend and builla plan 15 your go. Lancet. The china building und plant bled using the wright-line method, will life

image text in transcribed

QUESTION 1 ABCI bough bend and builla plan 15 your go. Lancet. The china building und plant bled using the wright-line method, will life of 30 you $1,000,000 Tradepi kar l'esquipment, all ul which was purcha some time the plant was constructed, is calculated using declining-balance method with depreciadon rate of 4% Complete the Balance Sheet below and find: The value for the Tocal Assets =? (4 point The value for the Preferred Shares-? 14 points) The value for the Acid-Text Ratio=7 (1 point) The value for the Rehim-on-Equity Ratio = ? (4 points) ABC Babe Sheet (June 30, 2021) Austr One Easily Car Ach Ca Current Liabili 1,500,000 1,250,000 Scourin Pepad Expen Tela Carreal Ass 1,500,000 Accred 250,000 1,000,000 Total Cab Long-Term Li Log-In And L 330,000 Lad B 1,000,000 Total LL J Location Ovans (Net Wort P 1000000 Co 3530330 Note: This is a MULTIPLE-ANSWER problem, you have to select one correct answer for each of the above 4 quesdons. Iden R Total Lena An Total Assets CTA-10.197,474. Total Assets = 10,626,208. TA 11.11/4/4. Total Acta 12.040,299. Preferred Shares = 1,847,474. Preferred Shark 1,10/2. Preferred Shares = 2,094,474. L Preferred Shark -2,178,258. Acid-Test Ratio 1.750 Add-Test Ratio = 1.010 And-Tax Ra Acid-Test Ratio = 2.500 Return-on Equity Ratio 0.1062 Return-on Equity Ratio -0.1214 Return-on Equity Ratio = 0.1351 LReturn-on Equity Ratio=0.1637 Revenues Sales Cart Gross Profit Total One Equity Told Laundries and Only Income Statement for ABC Industri July 1, 2020-June 30, 1021) Expenses 300 $300,000 2,500,000 Opening F Interne Total Exp 21033 Deprecation Expe 13,300 10.30 Net Incore Before Te 1,330,000 547,193 Net Income before y 23133 Netlere 1,062,0

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

Financial Accounting Fundamentals

Authors: John Wild

3rd edition

978-0073527048, 0073527041, 978-0077544652

More Books

Students also viewed these Accounting questions

Question

Differentiate between fundamental and particular risk?

Answered: 1 week ago

Question

Differentiate between pure risk and speculative risk?

Answered: 1 week ago