Using the following balance sheet and profit and loss accounts, calculate and comment on ten accounting ratios
Question:
Using the following balance sheet and profit and loss accounts, calculate and comment on ten accounting ratios (ignore taxation):
Transcribed Image Text:
Fixed assets Equipment at cost Less Depreciation to date Current assets Stock Debtors Bank Less Current liabilities Creditors Dividends payable Bank overdraft Long-term liabilities 5% debentures Balance Sheet as at 31 March 20X6 (£000) 10 12 10 168 300 60 360 (340) 600 (200) 400 20 420 (100) 320
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
To calculate and comment on ten accounting ratios well use the information provided in the balance sheet and profit and loss account for the period ending 31 March 20X6 The ratios well calculate are 1 ...View the full answer
Answered By
Salmon ouma
I am a graduate of Maseno University, I graduated with a second class honors upper division in Business administration. I have assisted many students with their academic work during my years of tutoring. That has helped me build my experience as an academic writer. I am happy to tell you that many students have benefited from my work as a writer since my work is perfect, precise, and always submitted in due time. I am able to work under very minimal or no supervision at all and be able to beat deadlines.
I have high knowledge of essay writing skills. I am also well conversant with formatting styles such as Harvard, APA, MLA, and Chicago. All that combined with my knowledge in methods of data analysis such as regression analysis, hypothesis analysis, inductive approach, and deductive approach have enabled me to assist several college and university students across the world with their academic work such as essays, thesis writing, term paper, research project, and dissertation. I have managed to help students get their work done in good time due to my dedication to writing.
5.00+
4+ Reviews
16+ Question Solved
Related Book For
Frank Woods Business Accounting Volume 2
ISBN: 9780273693109
10th Edition
Authors: Frank Wood, Alan Sangster
Question Posted:
Students also viewed these Business questions
-
A small consulting company wants to make the switch to QuickBooks Online. All of their expenses are paid at the time they are incurred, so there is no need to track bills in the system. There is only...
-
The following balance sheet and income statement data were taken from the records of Mako Retail Supply for the year ended December 31, 2018: Prepare the operating section of the statement of cash...
-
The following balance sheet and income statement data were taken from the records of Martland Stores for the year ended December 31, 2018: Prepare the operating section of the statement of cash...
-
Figure 2 shows a 250 kg beam BC at the time instant when a 100 N horizontal force is applied to its end B for 10 s. a. Determine the tension in rods AB and CD at an arbitrary instant during the time...
-
True or False: 1. Money is anything that is generally accepted in exchange for goods or services. 2. In the United States, the Federal Reserve System issues paper currency. 3. Checks provide the...
-
1. Which of the following statements is incorrect? a. An ordinary annuity has payments at the end of each year. b. An annuity due has payments at the beginning of each year. c. A perpetuity is...
-
Identify the mode for each of the following sets of data: a. 7, 3, 7, 1, 7 b. 3, 1, 1, 2, 3, 3 c. 8, 22, 8, 10, 9, 8, 12, 7, 8 d. 5, 3, 6, 4, 5, 3, 1, 5, 2, 5, 6, 5 e. 11, 9, 13, 6, 14, 12, 7, 12,...
-
A psychologist compares the mean amount of time of rapid-eye movement (REM) sleep for subjects under three conditions. She randomly assigns 12 subjects to the three groups, four per group. The sample...
-
MyBnB started a home rental company on January 1. As of November 30, MyBnB reported the following balances. The company does not yet have a balance in Retained Earnings because this is its first year...
-
The S&H Construction Company expects to have total sales next year totaling $15,000,000. In addition, the firm pays taxes at 35 percent and will owe $300,000 in interest expense. Based on last years...
-
A company has capital of 1 million ordinary shares of 1 each. It pays a dividend of 6 per cent out of its profits after tax of 480,000 on sales of 4 million. The market price of the shares is 2.40....
-
What is the purpose in using each of the following ratios: (a) Current ratio (b) Net profit after tax : sales (c) Asset turnover (d) Interest cover (e) Dividend cover?
-
What is the difference between the straight-line method of depreciation and the written down value method? Which method is more appropriate for reporting earnings?
-
Perceptual maps sometimes show areas with no competitors. What is the concern with identifying the areas as new opportunities?
-
Describe the strategic implications of self-driving cars or robotics on traditional companies.
-
Analyze how the various pandemic-related factors have shaped US trade, and how they affected consumer prices and the US economy. (Include concrete examples and provide your references)
-
Assume that apples are an inferior good. Draw a perfectly competitive market for apples and a firm selling apples in the long run equilibrium where price is $10 and the firm's equilibrium quantity is...
-
8. A manufacturer is producing and selling ear pods. The cost for producing x ear pods is C(x) = 4.5x + 1410 and the revenue earned for selling each set of ear pods for R(x) = 30x. (a) (4 pts) Write...
-
The diameter of the Douglas r tree is measured at a height of 1.37 meters.The following data represent the diameter in centimeters of a random sample of 12 Douglas rs in the western Washington...
-
If the amplifier indicated by the box input impedance of oo, which of the following statements are true ? has an open loop gain as well as Feedback factor (\beta = 1/ R_1\) The feedback is voltage...
-
Why does the above list not split the liabilities into non-current and current?
-
The following balances remained in the books of AK Ltd on 31 March 2017, after the statement of profit or loss had been drawn up. You are to draft the statement of financial position as at 31 March...
-
Why do you think companies might ignore the requirements of International GAAP in this case?
-
Trying to put all my ideas together in paragraphs for part of an essay. 3 different solutions. 1ST SOLUTION The process of separating collected textiles into three broad categories: re-wearable,...
-
Write a 5 -8 page essay in MLA style about "Drones" with references. including introduction, and thesis. To generate MLA citations, use CCC library, Purdue Owl; citethisforme.com: this is a citation...
-
Write the following function in the form f(x) = kx, where k and p are numbers. a) f(x) = 9x f(x) =
Study smarter with the SolutionInn App