Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following information is extracted from the accounting records of Wango Ltd: 2021 2020 R R Share capital: Ordinary shares 82 000 114 000 Sales

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

The following information is extracted from the accounting records of Wango Ltd: 2021 2020 R R Share capital: Ordinary shares 82 000 114 000 Sales 100 000 120 000 Interest expense 2 000 3 000 Dividends 4 000 4 500 Profit before tax 42 000 49 000 16 000 18 000 48 500 23 500 10 000 7 000 Income tax expense Retained earnings Revaluation surplus Current assets Total assets Current liabilities Inventory 71 000 80 000 145 000 172 000 26 300 27 200 36 600 24 300 QUESTION 3 Which of the following alternatives represents the correct return on equity ratio for year 2021? A. 58.19% B. 29,89% . C. 51.22% . D. 32.74% E. 59.15% Resei Selection QUESTION 4 Which of the following alternatives represents the correct debt-equity ratio for year 2021? . A. 50.22% . B. 30.15% C. 18.89% D. 17 1996 E. 19,57% QUESTION 5 Which ratio or ratios measure the overall efficiency of the business in managing its investment in assets and in generating return to owners? . A. Profit margin B. Return on equity C. Acid test ratio D. Financial leverage . E Return on assets Reset Selection

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Income Tax Fundamentals 2013

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

31st Edition

1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516

Students also viewed these Accounting questions