Refer to Forge Group Ltds. financial reports for June 30, 2013 and answer the following questions:...

 

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Refer to Forge Group Ltds. financial reports for June 30, 2013 and answer the following questions: a. State the accounting equation at the beginning and end of the year and the changes between the beginning and the end of the year. State the changes in the company's equity during 2013. b. What is the main asset the company owns, and what is its value? Compare this to the total equity. C. Outlino the largest expenses on the income statement. Compare them to the cash, dobtors, creditors, and inventory balances d. State the total revenue and net profit attributable to members of FGL and EBIT. e. Examine the Reconciliation of Cash Flows from Operations with the net profit after tax (NPAT). Outline the three major reconciliation items, and state how they changed. f. Outline the changes that have occurred in the company's financing activities. g. For the years ending June 30, 2013 and June 30, 2012, compute the Return on Assets, Profit Margin, and Current Ratios. Refer to Forge Group Ltds. financial reports for June 30, 2013 and answer the following questions: a. State the accounting equation at the beginning and end of the year and the changes between the beginning and the end of the year. State the changes in the company's equity during 2013. b. What is the main asset the company owns, and what is its value? Compare this to the total equity. C. Outlino the largest expenses on the income statement. Compare them to the cash, dobtors, creditors, and inventory balances d. State the total revenue and net profit attributable to members of FGL and EBIT. e. Examine the Reconciliation of Cash Flows from Operations with the net profit after tax (NPAT). Outline the three major reconciliation items, and state how they changed. f. Outline the changes that have occurred in the company's financing activities. g. For the years ending June 30, 2013 and June 30, 2012, compute the Return on Assets, Profit Margin, and Current Ratios.

Answer rating: 100% (QA)

ANSWER a Accounting Equation The Accounting equation is Assets Liabilities Equity Year Assets Liabil... View the full answer