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Year 20x5 (Sm) 2,100 500 200 NGX Ltd. Trial Balances as of 31 December Year 20x4...
please help solving the all the questions from question1a b to question2 a b. Please give...
please help solving the all the questions from
question1a b to question2 a b.
Please give a detailed explanation. Thank you!
Question 1 Shown below are selected financial data for AB and XY Limited at the end of the current year: AB Ltd XY Ltd Net credit sales $675,000 $560,000 Cost of goods sold 504,000 480,000 Cash 51,000 20,000 Accounts receivable 75,000 70,000 Inventory 84,000 160,000 Current liabilities 105,000 100,000 Required: a) For each of the two companies, compute the...
Cumi Ltd. and Ciki Ltd. are both computer component manufacturers in Longford. You are provided with...
Cumi Ltd. and Ciki Ltd. are both computer component manufacturers in Longford. You are provided with the following summarized information in relation to both companies. Income statements for year ended 31 March 2018 Cumi Lid. Cik Lid. AED'000 AED'000 Revenue 1.500 2000 Cost of sales 1.000 1.600 Gross profit 500 Operating expenses 150 200 Operating profit 350 200 Interest on debentures 100 50 Profit before tak 250 Tax SO Profit after tax 200 Dividends 70 Retained profits 350 30 120...
Executive Cars PLC have produced their Annual Report and Accounts for the year to 31 December...
Executive Cars PLC have produced their Annual Report and Accounts for the year to 31 December 2018 Statement of Profit or Loss 2018 2017 K'000 K, 000 Turnover 8,304 7,465 Cost of sales 6.462) (5.778) Gross profit 1,842 1,687 Distribution costs (206) (197) Administrative expenses (568) (412) Operating profit 1,068 1,078 Income from investments 135 Profit before tax 1,208 1,213 Taxation (374) (337) Profit after tax 834 876 Dividends (172) (241) 140 Retained profit 662 635 Statement of financial position...
Comment on: a) the company's performance for the year to 30 June 2018 b) the limitations...
Comment on:
a) the company's performance for the year to 30 June 2018
b) the limitations of ratio analysis
Style Limited (Adapted from Dyson p 245, 10.9) 2018 £ 000 2017 £ 000 2017 000 000 000 000 000 1,900 1,500 420 685 Income Statement Sales (all credit) Cost of Goods Sold Opening stock Purchases (all credit) 80 2018 £ 000 Statement of Financial Position Fixed Assets (NBV) Current Assets Inventory 250 Trade debtors Bank 1,100 Less: Current Liabilities Bank...
The following trial balance was extracted from the books of P Brown on 31 December 2017...
The following trial balance was extracted from the books of P Brown on 31 December 2017 Debit Credit Capital 1 050 000 Inventory 1/01/2017 359 625 Net Purchases 3 246 339 Net Sales 5 545 050 Import duties on purchases 859 161 Discount allowed and received 174 858 60 114 Salaries 575 142 Accounts receivable 643 125 Accounts payable 690 807 Bad debts written off 68 250 Allowance...
Financial statement analysis The financial statements of Zach Industries for the year ended December 31, 2019,...
Financial statement analysis The financial statements of Zach Industries for the year ended December 31, 2019, follow. P3-24 Zach Industries Income Statement for the Year Ended December 31, 2019 Sales revenue $160,000 Less: Cost of goods sold Gross profits Less: Operating expenses Selling expense General and administrative expenses 106,000 $ 54,000 $ 16,000 10,000 Lease expense 1,000 Depreciation expense Total operating expense Operating profits Less: Interest expense 10,000 $ 37,000 $ 17,000 6,100 Net profits before taxes $ 10,900 Less:...
Zandi's Technologies: December 31 Balance Sheets (Thousands of Dollars) Assets Cash and cash equivalents Short-term investments...
Zandi's Technologies: December 31 Balance Sheets (Thousands of Dollars) Assets Cash and cash equivalents Short-term investments Accounts Receivable Inventories Total current assets Net fixed assets Total assets 2018 $21,000 3.759 52 500 84.000 $161,259 218.400 $379,659 2017 $20,000 3,240 48.000 56.000 $127,240 200.000 $327,240 2016 $21,053 $3,411 $50.526 $58,947 $133,937 200.000 $333,937 Liabilities and equity Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained Earnings Total common equity Total liabilities and equity $33,600 12,600...
Simon Company's year-end balance sheets follow. 2015 2014 2013 At December 31 Assets Cash Accounts receivable,...
Simon Company's year-end balance sheets follow. 2015 2014 2013 At December 31 Assets Cash Accounts receivable, net Merchandise Inventory Prepaid expenses Plant assets, net $ 31,600 $ 36,250 $ 37,000 87,400 63,000 50,000 112,000 80,200 52.000 10,800 9350 4100 279,000 257,500 235,000 Total assets $520,800 $ 446,300 $ 378 100 $ 129,200 $ 72,500 $ 51,400 Liabilities and Equity Accounts payable Long-term notes payable secured mortgages on plant assets Common stock, $10 par value Retained earnings 98,000 160,000 133.600 100.000...
NORTHEAST ART SUPPLY, INC. STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31,2017 CASH FLOW...
NORTHEAST ART SUPPLY, INC. STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31,2017 CASH FLOW FROM OPERATING ACTIVITIES: $30,175 Net Income Adjustments to reconcile net income to net cash flows S 8,500 Decrease in accounts receivable Increase in inventory Increase in accounts payable Increase in income taxes payable 1,000 (5,000) 6,000 3.000 13.500 $43,675 Net cash provided by operating activities CASH FLOWS FROM INVESTING ACTIVITIES: Purchase of Equipment Purchase of Investments Sale of Investments $ (2,000) (10,000) 20,000 Net...
Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2016, were inventory, $48,900: total assets, $189.400; co...
Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2016, were inventory, $48,900: total assets, $189.400; common stock, $90,000: and retained earnings, $22748.) CABOT CORPORATION Income Statement For Year Ended Decenber 31, 2017 ts Sales Cost of goods sold Gross profit Operating expenses Interest expense Income before taxes Income tares Net income $448, 600 297, 250 151, 350 98, 600 4, 100 48, 650 19, 598 $ 29, 052...
please help solving the all the questions from
question1a b to question2 a b.
Please give a detailed explanation. Thank you!
Question 1 Shown below are selected financial data for AB and XY Limited at the end of the current year: AB Ltd XY Ltd Net credit sales $675,000 $560,000 Cost of goods sold 504,000 480,000 Cash 51,000 20,000 Accounts receivable 75,000 70,000 Inventory 84,000 160,000 Current liabilities 105,000 100,000 Required: a) For each of the two companies, compute the...
Cumi Ltd. and Ciki Ltd. are both computer component manufacturers in Longford. You are provided with the following summarized information in relation to both companies. Income statements for year ended 31 March 2018 Cumi Lid. Cik Lid. AED'000 AED'000 Revenue 1.500 2000 Cost of sales 1.000 1.600 Gross profit 500 Operating expenses 150 200 Operating profit 350 200 Interest on debentures 100 50 Profit before tak 250 Tax SO Profit after tax 200 Dividends 70 Retained profits 350 30 120...
Executive Cars PLC have produced their Annual Report and Accounts for the year to 31 December 2018 Statement of Profit or Loss 2018 2017 K'000 K, 000 Turnover 8,304 7,465 Cost of sales 6.462) (5.778) Gross profit 1,842 1,687 Distribution costs (206) (197) Administrative expenses (568) (412) Operating profit 1,068 1,078 Income from investments 135 Profit before tax 1,208 1,213 Taxation (374) (337) Profit after tax 834 876 Dividends (172) (241) 140 Retained profit 662 635 Statement of financial position...
Comment on:
a) the company's performance for the year to 30 June 2018
b) the limitations of ratio analysis
Style Limited (Adapted from Dyson p 245, 10.9) 2018 £ 000 2017 £ 000 2017 000 000 000 000 000 1,900 1,500 420 685 Income Statement Sales (all credit) Cost of Goods Sold Opening stock Purchases (all credit) 80 2018 £ 000 Statement of Financial Position Fixed Assets (NBV) Current Assets Inventory 250 Trade debtors Bank 1,100 Less: Current Liabilities Bank...
Financial statement analysis The financial statements of Zach Industries for the year ended December 31, 2019, follow. P3-24 Zach Industries Income Statement for the Year Ended December 31, 2019 Sales revenue $160,000 Less: Cost of goods sold Gross profits Less: Operating expenses Selling expense General and administrative expenses 106,000 $ 54,000 $ 16,000 10,000 Lease expense 1,000 Depreciation expense Total operating expense Operating profits Less: Interest expense 10,000 $ 37,000 $ 17,000 6,100 Net profits before taxes $ 10,900 Less:...
Zandi's Technologies: December 31 Balance Sheets (Thousands of Dollars) Assets Cash and cash equivalents Short-term investments Accounts Receivable Inventories Total current assets Net fixed assets Total assets 2018 $21,000 3.759 52 500 84.000 $161,259 218.400 $379,659 2017 $20,000 3,240 48.000 56.000 $127,240 200.000 $327,240 2016 $21,053 $3,411 $50.526 $58,947 $133,937 200.000 $333,937 Liabilities and equity Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained Earnings Total common equity Total liabilities and equity $33,600 12,600...
Simon Company's year-end balance sheets follow. 2015 2014 2013 At December 31 Assets Cash Accounts receivable, net Merchandise Inventory Prepaid expenses Plant assets, net $ 31,600 $ 36,250 $ 37,000 87,400 63,000 50,000 112,000 80,200 52.000 10,800 9350 4100 279,000 257,500 235,000 Total assets $520,800 $ 446,300 $ 378 100 $ 129,200 $ 72,500 $ 51,400 Liabilities and Equity Accounts payable Long-term notes payable secured mortgages on plant assets Common stock, $10 par value Retained earnings 98,000 160,000 133.600 100.000...
NORTHEAST ART SUPPLY, INC. STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31,2017 CASH FLOW FROM OPERATING ACTIVITIES: $30,175 Net Income Adjustments to reconcile net income to net cash flows S 8,500 Decrease in accounts receivable Increase in inventory Increase in accounts payable Increase in income taxes payable 1,000 (5,000) 6,000 3.000 13.500 $43,675 Net cash provided by operating activities CASH FLOWS FROM INVESTING ACTIVITIES: Purchase of Equipment Purchase of Investments Sale of Investments $ (2,000) (10,000) 20,000 Net...
Selected year-end financial statements of Cabot Corporation follow. (All sales were on credit; selected balance sheet amounts at December 31, 2016, were inventory, $48,900: total assets, $189.400; common stock, $90,000: and retained earnings, $22748.) CABOT CORPORATION Income Statement For Year Ended Decenber 31, 2017 ts Sales Cost of goods sold Gross profit Operating expenses Interest expense Income before taxes Income tares Net income $448, 600 297, 250 151, 350 98, 600 4, 100 48, 650 19, 598 $ 29, 052...
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