Problem no 19, (Ref. 3) The following are the financial statements of Bagmati Bitumin Limited. Assets...
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Problem no 19, (Ref. 3) The following are the financial statements of Bagmati Bitumin Limited. Assets Cash Accounts receivable Inventory Total current assets Fixed assets Total assets Sales Cost of goods sold Depreciation Bagmati Bitumin Limited Balance Sheet as of December 31, 2016 and 2017 2016 2016 2017 Liabilities and Equity Rs 650 Rs 987 Rs 710 Accounts payable 2,106 Notes payable 640 4,982 Other 90 Rs 7,798 Total current liabilities Long-term debt 2,382 4,408 Rs 7,440 Rs 13,992 Rs 18,584 Total debt Owners' equity (1,250 shares outstanding) Rs 21,432 Rs 26,382 Total liabilities and equity Earnings before interest and taxes Interest paid Taxable income Taxes @ 35% Net Income Bagmati Bitumin Limited Income Statement for the Year Ended December 31, 2017 Dividends Addition to retained earnings Market price for a share of stock 2017 Rs 1215 718 230 Rs 1,717 Rs 2,163 4,318 4,190 Rs 6,035 Rs 6,353 Rs 15,397 Rs 20,029 Rs 21,432 Rs 26,382 Rs 28,000 11,600 2,140 Rs 14,260 980 Rs 13,280 4,648 Rs 8,632 Rs 4,000 Rs 4,632 Rs 63 Calculate: (a) Current ratio (c) Total assets turnover (e) Receivables turnover (g) Debt-equity ratio (1) Times interest earned ratio (k) Return on assets (m) Price earnings ratio (0) Market-to-book ratio (b) Quick ratio (d) Inventory turnover (f) (h) (j) (1) (n) Total liabilities to assets ratio Equity multiplier Profit margin Return on equity Dividends per share Problem no 19, (Ref. 3) The following are the financial statements of Bagmati Bitumin Limited. Assets Cash Accounts receivable Inventory Total current assets Fixed assets Total assets Sales Cost of goods sold Depreciation Bagmati Bitumin Limited Balance Sheet as of December 31, 2016 and 2017 2016 2016 2017 Liabilities and Equity Rs 650 Rs 987 Rs 710 Accounts payable 2,106 Notes payable 640 4,982 Other 90 Rs 7,798 Total current liabilities Long-term debt 2,382 4,408 Rs 7,440 Rs 13,992 Rs 18,584 Total debt Owners' equity (1,250 shares outstanding) Rs 21,432 Rs 26,382 Total liabilities and equity Earnings before interest and taxes Interest paid Taxable income Taxes @ 35% Net Income Bagmati Bitumin Limited Income Statement for the Year Ended December 31, 2017 Dividends Addition to retained earnings Market price for a share of stock 2017 Rs 1215 718 230 Rs 1,717 Rs 2,163 4,318 4,190 Rs 6,035 Rs 6,353 Rs 15,397 Rs 20,029 Rs 21,432 Rs 26,382 Rs 28,000 11,600 2,140 Rs 14,260 980 Rs 13,280 4,648 Rs 8,632 Rs 4,000 Rs 4,632 Rs 63 Calculate: (a) Current ratio (c) Total assets turnover (e) Receivables turnover (g) Debt-equity ratio (1) Times interest earned ratio (k) Return on assets (m) Price earnings ratio (0) Market-to-book ratio (b) Quick ratio (d) Inventory turnover (f) (h) (j) (1) (n) Total liabilities to assets ratio Equity multiplier Profit margin Return on equity Dividends per share
Expert Answer:
Answer rating: 100% (QA)
a Current Ratio The current ratio is a measure of a companys ability to meet its shortterm obligations It is calculated by dividing the total current assets by the total current liabilities Current Ra... View the full answer
Related Book For
Business Statistics
ISBN: 978-0321925831
3rd edition
Authors: Norean Sharpe, Richard Veaux, Paul Velleman
Posted Date:
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