Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following information is extracted from the 2019 and 2020 financial reports of Ali's Actuarial Services. 2019 2020 Cash at Bank 140,000 Cash at Bank

image text in transcribed

The following information is extracted from the 2019 and 2020 financial reports of Ali's Actuarial Services. 2019 2020 Cash at Bank 140,000 Cash at Bank 132,000 Account Receivables 150,000 Account Receivables 121,000 Land 700,000 Land 700,000 Building 600,000 Building 600,000 Accumulated depreciation - Building 220,000 Accumulated depreciation - Building 250,000 Unearned revenue 132,000 Unearned revenue 120,000 Loan - 6 months 88,000 Loan - 6 months 78,000 Mortgage 300,000 Mortgage 250,000 Capital 748,000 Capital 855,000 Service revenue 196,000 Service revenue 202,000 Rent Expense 58,000 Rent Expense 60,000 Wages Expense 36,000 Wages Expense 38,000 a) (1 mark) Which of the following is the correct Return on Assets for the 2019 financial year? O10.80% 04.23% 05.25% O18.93% 07.45% b) (1 mark) Which of the following is the correct Return on Assets for the 2020 financial year? 04.23% O10.80% 07.78% 04.12% O18.93% C) (1 mark) Which of the following is the correct Profit Margin for the 2019 financial year? 019.39% 052.04% 043.49% O229.91% 08.55%

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

More Books

Students also viewed these Accounting questions

Question

How is a corporation dissolved?

Answered: 1 week ago

Question

1. Discuss the four components of language.

Answered: 1 week ago

Question

a. How many different groups were represented?

Answered: 1 week ago