Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following information relates to question 1 - 7. The following information is extracted from the accounting records of Wango Ltd: 2021 2020 R R

image text in transcribedimage text in transcribedimage text in transcribed

The following information relates to question 1 - 7. 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 Interest expense Dividends 100 000 120 000 2 000 3 000 4 000 4 500 Profit before tax 42 000 49 000 16 000 18 000 48 500 23 500 Income tax expense Retained earnings Revaluation surplus Current assets 10 000 7 000 71 000 80 000 145 000 172 000 Total assets Current liabilities Inventory 27 200 26 300 36 600 24 300 QUESTION 1 The acid test ratio in year 2021 is as follows: . A. 1.31:1 . B. 1,72:1 C. 2,61:1 . D. 1,94: 1 E. 1,26:1 Reset Selection Question 2 of 7 2.0 Points QUESTION 2 Which of the following alternatives represents the correct return on assets ratio for year 2021? A. 30,34% . B. 28,97% C. 27,59% . D. 17,93% E. 20.32% Reset Selection QUESTION 3 Which of the following alternatives represents the correct return on equity ratio for year 2021? . A. 51,22% B. 29,89% C. 58.19% D. 32,74% E. 59,15% Reset Selection Question 4 of 7 2.0 Points QUESTION 4 Which of the following alternatives represents the correct debt-equity ratio for year 2021? A. 50,22% . B. 17.19% . C. 30,15% D. 18,89% E. 19,57% Reset Selection

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_2

Step: 3

blur-text-image_3

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

Understand the department managers key role in employee retention

Answered: 1 week ago