Allianze Ltd has the following data information as of 30 June 2022: Current assets of $

Fantastic news! We've Found the answer you've been seeking!

Question:

Allianze Ltd has the following data information as of 30 June 2022:

• Current assets of $ 6,970

• Net fixed assets of $18,700

• Current liabilities of $4,570

• Long-term debts of $9,490.

Required:

a) Calculate shareholders’ equity and prepare a balance sheet for the company for the period.

b) How much is net working capital of the company?

c) Calculate the return on assets of the company given the return on equity is 20%

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0071339476

Volume 1, 6th Edition

Authors: Beechy Thomas, Conrod Joan, Farrell Elizabeth, McLeod Dick I

See More Books

Posted Date: Oct 20, 2022 01:07 AM

See More Questions

A comparative balance sheet for Alcorn Company containing data for the last two years is as follows: The following additional information is available about the companys activities during this year:...
The comparative balance sheet for Long Company as of December 31, 2019 and 2018, is shown below, followed by the condensed income statement. INSTRUCTIONS Prepare a statement of cash flows for 2019....
The comparative balance sheet for Short Company as of December 31, 2016 and 2015, is shown below, followed by the condensed income statement. INSTRUCTIONS Prepare a statement of cash flows for 2016....
= Adobe Reader Touch Type here to search Active Research: Toyota's Hybrid Offer One of the most successful hybrid cars (cars that run on both battery and gasoline) is the Prius by Toyota. Visit...
Orbital Industries of Canada, Inc. manufactures a variety of materials and equipment for the aerospace industry. A team of R & D engineers in the firms Winnipeg plant has developed a new material...
Contrapose the following propositions and state whether the contrapositive is logically equivalent or not logically equivalent to the given proposition. a. All physicians whose licenses have been...
What are the advantages and disadvantages of certified environmental product declarations? Assuming that you are the environmental manager of Global Autos, with companies operating in Sweden,...
During 2011, Company P sold $50,000 of goods to subsidiary Company S at a profit of $12,000. One-fourth of the goods remain unsold at year-end. What specific adjustments are needed on the...
Research and graph bar charts comparing the following aspects about The New Deal and the Stimulus Package: Effect on unemployment rate Estimated number of jobs created as a percentage of the...
Journalize all these transactions into a general ledger. Transactions May 1 Purchased merchandise from Keys Wholesale on account for $735.30, Invoice No 91 Dated May 1, terms 2/10, n30 May 2...
I need help with a few introductory physics prelabquestions. 1) An object moves 15 meters in 3 seconds. What is its velocity(in m/s)? 2)What is the velocity (in cm/s) of an object which moves 44 min...
Mattel, Inc., is the world's largest manufacturer and marketer of toys, dolls, games, and stuffed toys and animals. Mattel employed Carter Bryant as a product designer from September 1995 through...
Penny Winters was a 63 -year-old maintenance worker at the Portage, Indiana, Walmart store. The surveillance cameras caught Ms. Winters eating Oreos that she had not paid for during her evening shift...
Ann Hopkins was a senior manager in the Management Advisory Services division of the Price Waterhouse Office of Government Services (OGS) in Washington, DC. After earning undergraduate and graduate...
The U.S. Justice Department announced that it was dropping all charges against convicted former Alaska U.S. Senator, the late Ted Stevens. U.S. Attorney General Eric Holder announced that his office...
Since 2005, Claremont McKenna, ranked number nine on U.S. News \& World Report's best liberal arts colleges in the country, has been lopping on a few points here and there to its entering students'...
A minority active ownership is represented by: Multiple Choice 20% or more but less than 50% ownership. more than 50% ownership. more than 60% and less than 70% ownership. less than 20% ownership.
Construct a 4 x 25 design confounded in two blocks of 16 observations each. Outline the analysis of variance for this design.
What are the two necessary conditions for a liability to be offset by an asset?
Autopart Manufacturing Ltd., incorporated 15 years ago, has grown to be a successful competitor in the cost- and quality- conscious auto parts manufacturing market. Autopart specializes in relatively...
Thistle Corporation reported the following items in its 20X5 financial statements: From the notes: Inventories are carried at FIFO cost, net of an allowance to reduce finished goods inventory to the...
The beam is constructed from two boards fastened together at the top and bottom with three rows of nails spaced every $8 \mathrm{in}$. If an internal shear force of $V=800 \mathrm{lb}$ is applied...
The beam is constructed from two boards fastened together at the top and bottom with three rows of nails spaced every 8 in. If each nail can support a $300-$ lb shear force, determine the maximum...
The double-web girder is constructed from two plywood sheets that are secured to wood members at its top and bottom. If each fastener can support $600 \mathrm{lb}$ in single shear, determine the...

Allianze Ltd has the following data information as of 30 June 2022: Current assets of $

Question:

Expert Answer:

Intermediate Accounting

Students also viewed these accounting questions