Yadier NVs comparative statements of financial position are presented below. Yadiers 2020 income statement included net sales
Question:
Yadier NV’s comparative statements of financial position are presented below.
Yadier’s 2020 income statement included net sales of €100,000, cost of goods sold of €60,350, and net income of €14,000.
Instructions
Compute the following ratios for 2020.
a. Current ratio.
b. Acid-test ratio.
c. Accounts receivable turnover.
d. Inventory turnover.
e. Profit margin.
f. Asset turnover.
g. Return on assets.
h. Return on ordinary shareholders’ equity.
i. Debt to assets ratio.
Transcribed Image Text:
Yadier NV Statements of Financial Position December 31 2020 2019 € 20,000 70,000 (15,000) 10,000 22,000 € 26,000 Land Buildings Accumulated depreciation-buildings Inventory 70,000 (10,000) 7,000 24,000 Accounts receivable Cash 4,300 3,700 Total €111,300 €120,700 € 72,000 € 69,000 Share capital-ordinary Retained earnings Accounts payable 24,300 15,000 20,600 31,100 €120,700 Total €111,300
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a 4300 22000 1000015000 2421 b 4300 2200015000 1751 ...View the full answer
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Related Book For
Accounting Principles
ISBN: 978-1119419617
IFRS global edition
Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt
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