Question

Financial Ratio analysis

Current   Assets




Stock


15,000


Trade   receivables


22,500


Bank


7,500

45,000

Total   assets



65,000





Owner's   Equity




Capital

40,000



(+)   Net profit

18,000




58,000



(-)   Drawings

-8,000


50,000





Current   Liabilities




Trade   payables



15,000





Total   equity and liabilities.



65,000





Sales for Suhana Trading was RM72,000, net profit was RM24,000 and the opening stock for the company was RM17,000.

 

Based on the information, calculate:

a) Current ratio

b) Quick ratio

c) Inventory Turnover

d) Total assets turnover

e) Return on equity ratio

0 0
Add a comment Improve this question Transcribed image text
Request Professional Answer

Request Answer!

We need at least 10 more requests to produce the answer.

0 / 10 have requested this problem solution

The more requests, the faster the answer.

Request! (Login Required)


All students who have requested the answer will be notified once they are available.
Know the answer?
Add Answer to:
Financial Ratio analysis
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Similar Homework Help Questions
  • Exercise 11.17 (East View Ltd) (g) Times interest earned ratio ST11.17 he comparative financial statements of...

    Exercise 11.17 (East View Ltd) (g) Times interest earned ratio ST11.17 he comparative financial statements of East View Ltd for the year ended 31 December are as follows East View Ltd Comparative income statement for the year ended 31 December 2016 2015 (RM) (RM) 260,000 300,000 Net sales (all credit sales) Less: Costs and expenses Cost of goods sold Selling and administration expenses Interest expenses 177,000 207,500 60,400 57,400 3,000 7,000 3,600 9,000 280,500 19,500 Income tax expenses Total costs...

  • Calculate the ratio of the following: Marnus Inc Income Statement For the Financial Year ended 12/31/19...

    Calculate the ratio of the following: Marnus Inc Income Statement For the Financial Year ended 12/31/19 $150,000,000 ($130,000,000) $20,000,000 12/31/18 $140,000,000 ($123,000,000) $17,000,000 $9,000,000 $10,000,000 Statement values in 000's Period Ending: Total Revenue (Net Revenue) Cost of Revenue (COGS) Gross Profit Operating Expenses Sales, General and Admin. Other Operating Items Total Operating Exp Operating Income (or loss) Interest Expense Earnings Before Tax Income Tax Net Income (or loss) $0 $0 | ($9,000,000) $11,000,000 ($1,000,000) $10,000,000 ($5,000,000) $5,000,000 ($10,000,000) $7,000,000 ($800,000)...

  • Q-2 FINANCIAL RATIO FORMULAS Match each of the following financial ratios with its formula: Accounts Payable...

    Q-2 FINANCIAL RATIO FORMULAS Match each of the following financial ratios with its formula: Accounts Payable Tunover Ratio Fixed Asset Turnover Ratio Asset Turnover Ratio Cash Coverage Ratio Cash Ratio Current Ratio Average Age of Receivables Average Days Supply in Inventory Receivable Turnover Ratio Debt-to-Equity Ratio Earnings per Share (EPS) Financial Leverage Percentage Times Interest Earned Ratio Inventory Turnover Ratico Price/ Earnings (P/E) Ratio Profit Margin Quality of Income Quick Ratio Return on Equity (ROE) Return on Assets (ROA) A....

  • Calculate the ratios below given the financial data presented to your left. Answers Measures of Short-term...

    Calculate the ratios below given the financial data presented to your left. Answers Measures of Short-term Liquidity current assets / current liabilities quick assets / current liabilities net sales /accounts receivable 365 days/receivables turnover rate cost of goods sold/inventory current ratio quick ratico receivables turnover rate days to collect receivables inventory turnover rate Measures of Long-term Credit Risk total liabilities/total assets operating income /annual interest expense debt ratio Times Interest Earned Measures of Profitability net income / sales net income/total...

  • Tailoka's summarized financial statements for the year ended 31 March 2019 are sol out below K...

    Tailoka's summarized financial statements for the year ended 31 March 2019 are sol out below K million 4,000 (3,450) 550 (370) 40 180 Statement of Profit Or Loss Revenue (25% cash sales) Cost of sales Gross profit Operating experises Profit on disposal of plant Finance charges Profit before tax Income tax expense Profit for the period Dividend paid Retained profit for the year (20) 200 (50) 150 50 100 K'million K million 550 Statement of Financial Position Non-current assets Property,...

  • RATIO ANALYSIS Question: The balance sheet and income statement for the JP Robard mfg company areas...

    RATIO ANALYSIS Question: The balance sheet and income statement for the JP Robard mfg company areas follows: Particulars Amounts Cash Account receivable Inventories Current Assets Net Fixed Assets Total Assets Account payables Accrued Expenses Short Term Notes Payables Current Liabilities Long term Debt Owners' Equity 500 2000 1000 3500 4500 8000 1000 600 300 2000 2000 4000 8000 8000 (3300) 4700 (3000) 1700 (367) 1333 (533) 800 Total Liabilities and Owners Equity Net Sales (All Credit) Cost of Goods Sold...

  • Current Ratio The following financial data is from Hi-Tech Instruments' financial statements (thousands of dollars, except...

    Current Ratio The following financial data is from Hi-Tech Instruments' financial statements (thousands of dollars, except earnings per share.) 2016 Sales revenue $210,000 Cost of goods sold 125,000 Net income 8,300 Dividends 2,600 Earnings per share 4.15 Hi-Tech Instruments, Inc. Balance Sheet (Thousands of Dollars) Dec. 31, 2016 Dec. 31, 2015 Assets Cash 14,300 $18,000 Accounts receivable (net) 42,000 41,000 Inventory 39,500 43,700 Total current assets 95,800 102,700 Plant assets (net) 52,600 50,500 Other assets 15,600 13,800 Total assets 164,000...

  • Frame Gallery, LLC Income Statement For the year ended December 31, 203x Merchandise Sales 5500,000 Cost...

    Frame Gallery, LLC Income Statement For the year ended December 31, 203x Merchandise Sales 5500,000 Cost of Goods Sold $255.000 Gross Profit $245,000 Wage Expense 5140,000 Rent Expense 545,000 General and Administrative $45.000 Total Expenses $230,000 Earnings Before Interest Taxes (EBIT $15.000 Interest $5.000 Income before tax $10,000 Tax ( 25% rate) $2.500 Net Income/(Loss) 37,500 Frame Gallery, LLC Statement of Owner's Equity For the year ended December 31, 2020 Beginning Capital Owner Contributions $5,000 Income (Loss) 57,500 512,500 Owner...

  • Complete ratio analysis for the years 2010 through 2014, calculating the following ratios (2 marks each)....

    Complete ratio analysis for the years 2010 through 2014, calculating the following ratios (2 marks each). Use the unaudited data for 2014. For any ratios that use an average of 2 years in the formula, you can assume that the 2010 ending balance approximates the 2010 average. (The ratios that use an average of 2 years in the formula include accounts receivable turnover, inventory turnover, return on assets, and return on equity.) You are not given the 2009 data to...

  • Below are numbers from a balance sheet and income statement. Construct the financial ratios requested below....

    Below are numbers from a balance sheet and income statement. Construct the financial ratios requested below. Sales 499891 Operating Costs 359935 Depreciation 10000 Interest Expense 5000 Tax Expense 29408 Cash 1000 Receivables 30000 Inventories 59989 Fixed Assets, Net 50000 Payables 11000 Accrued Expenses 10000 Long-Term Loan 50000 Common Equity 69989 Prepare an income statement and a balance sheet for is company using the information provided. Calculate: 1. Current ratio 2. Quick ratio 3. NWC-to-total-Assets (Working capital to assets) 4. Ratio...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT