The balance sheet of pharmaceutical company over three years is given below. The company declares a...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The balance sheet of pharmaceutical company over three years is given below. The company declares a dividend of Rs.30 million in Year 3 and Rs. 45 million in Year 4. Find (a) Profit for the year 3 and 4 [4 marks] (b) How the company used profit in Year 3 and Year 4? [2 marks] Assets/Liabilities Total assets Liabilities + OE Liabilities to outsiders Equity share capital Reserves and surplus Total Liabilities and shareholders' equity Year 2 400 200 4 196 (Amounts in Million Rs.) 400 Year 3 420 225 6 189 420 Year 4 430 215 6 209 430 The balance sheet of pharmaceutical company over three years is given below. The company declares a dividend of Rs.30 million in Year 3 and Rs. 45 million in Year 4. Find (a) Profit for the year 3 and 4 [4 marks] (b) How the company used profit in Year 3 and Year 4? [2 marks] Assets/Liabilities Total assets Liabilities + OE Liabilities to outsiders Equity share capital Reserves and surplus Total Liabilities and shareholders' equity Year 2 400 200 4 196 (Amounts in Million Rs.) 400 Year 3 420 225 6 189 420 Year 4 430 215 6 209 430
Expert Answer:
Answer rating: 100% (QA)
a Profit for the year 3 and 4 Answer Profit for the year 3 Reserves ... View the full answer
Related Book For
Financial Reporting Financial Statement Analysis and Valuation
ISBN: 978-0324302950
6th edition
Authors: Clyde P. Stickney
Posted Date:
Students also viewed these accounting questions
-
The stockholders' equity section on the balance sheet of Dillard's, a popular department store, is shown below. During the year, the company reported net income of $463,909,000 and declared and paid...
-
The balance sheet of Confucius Book Shop at April 30, 2014, is as follows: Chennai Cain, the owner of the book shop, admits that he is not an accountant. In fact, he couldn't get the balance sheet to...
-
The balance sheet of Reflections Book Shop at April 30, 2017, is as follows: Charles Dryfuss, the owner of the book shop, admits that he is not an accountant. In fact, he couldn't get the balance...
-
Bingl is one the provinces in Turkey with a very high earthquake risk, since the city center is located on the fault and is very close to the East Anatolian Fault Zone, which is also one of the most...
-
What is the difference between real capital and financial capital? Why does concern with one type of capital invariably involve concern with the other?
-
Y Combinator provides seed funding for start-ups. Twice a year, the start-ups move to Silicon Valley for three months. During that time, Y Combinator works extensively with them to help develop their...
-
List six factors that may result in an auditor's independence being compromised in fact or in appearance.
-
The Fraser Paper Company produces large rolls of white paper weighing 1,000 kilograms for wholesalers for $1,500 each. The wholesalers then cut the paper into standard-sized sheets and package it in...
-
Explain how you could establish a framework using these theories to support an audit. Highlight the key principles of the American Institute of CPAs ( AICPA \' s ) Rules of Conduct. Compare and...
-
For this exercise, we use JTRAIN.RAW to determine the effect of the job training grant on hours of job training per employee. The basic model for the three years is hrsempit = (0 + (1td88t + (2d89, +...
-
The coach of Wrestler A approaches the scorer's table to talk to the referee. The coach informs the referee that Wrestler B should be penalized for grasping only one finger of Wrestler A's hand. How...
-
Formulate a multiple regression model showing how the quantity demanded of an airline depends on the ticket price, the income of passengers, and the ticket price of other airlines operating in the...
-
Which is the safest airline to fly?
-
Describe some of the differences of basic no-frills service between LCC carriers in the United States and those in Europe.
-
Explain markup pricing and why it may not be a good tool to apply in the airline industry.
-
You are a manager at a low-cost airline that is planning to serve Charleroi Airport. Your airline has the option of serving Brussels Airport International Airport, the main airport serving Belgium,...
-
Consider the following open-loop transfer function of a system: K s(3s +1)(2s+1) Gol with the feedback loop is H(s) = 1. Is the closed loop system stable when K= 1? If not find the range of values of...
-
For liquid water the isothermal compressibility is given by; where r and b are functions of temperature only. If 1 kg of water is compressed isothermally and reversibly from I to 500 bar at 60(C. how...
-
Canadian National Railway Company (CN) spans Canada and mid-America and provides freight transport services from the Atlantic Ocean to the Pacific Ocean and to the Gulf of Mexico. It is currently the...
-
Deere & Company manufactures agricultural and industrial equipment and provides financing services for its independent dealers and their retail customers. Exhibit 7.15 presents an income statement...
-
Sun Trust Banks owns a large block of Coca-Cola Company (Coke) common stock that it has held for many years. SunTrust indicates in a note to its financial statements that all equity securities held...
-
Define family law and identify the kinds of issues that are addressed in a family law practice.
-
Describe the role of a paralegal in a family law practice.
-
Identify the kinds of resources included in a basic family law library.
Study smarter with the SolutionInn App