Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 2. The following items are taken from the financial statements of Tetra Pack Limited for the year ended December 31, 2015 Cash 54,000 Accounts

Question 2. The following items are taken from the financial statements of Tetra Pack Limited for the year ended December 31, 2015

Cash 54,000

Accounts Receivable (Net) 150,250

Merchandise Inventory 113,000

Accrued Interest on Notes Receivable 2,250

Account Payable 54,000

10% Notes Receivable 8,250

Advances from Customers 750

Ordinary Share Capital (Par Value Rs.10 each) 200,000

Premium on Ordinary Share 60,000

Retained Earnings (Opening) 140,000

Sales 610,250

Gross profit 260,250

Net income 125,000

Cash Dividend Declared 60,000

Operating expenses 200,000

Fixed assets 312,000

Other Information is as Under: Market Price Per Share is Rs. 21

REQUIRED:

i)Operating Expenses Rate

ii) Current Ratio

iii)Dividend Payout

iv)Earnings Per Share

v) Gross Profit Ratio

vi)Return on Equity

vii)Quick Ratio

viii) Dividend Yield

ix)Price Earnings Ratio

x) NP Ratio

xi)Return on Asset

Note: The answer must be handwritten and in an organized manner

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

Accounting For Decision Making And Control

Authors: Jerold Zimmerman

7th Edition

0078136725, 9780078136726

More Books

Students also viewed these Accounting questions

Question

2. The purpose of the acquisition of the information.

Answered: 1 week ago

Question

1. What is the meaning of the information we are collecting?

Answered: 1 week ago

Question

3. How much information do we need to collect?

Answered: 1 week ago