The following information comes from the accounting records of Tableak Ltd.: Required a. Based on the above
Question:
The following information comes from the accounting records of Tableak Ltd.:
Required
a. Based on the above information, analyze and comment on the changes in the company’s profitability and liquidity, in addition to the management of accounts receivable and inventory from 2022 to 2024.
b. Based on the above information, analyze and comment on the company’s use of leverage from 2022 to 2024.
Transcribed Image Text:
Statement of Financial Position Assets Cash Accounts receivable Inventory Capital assets (net) Other assets 2022 $ 33,750 101,250 165,000 645,000 348,000 $1,293,000 2023 $ 30,000 120,000 195,000 675,000 315,000 $1,335,000 2024 $ 37,500 167,500 190,000 750,000 399,600 $1,544,600
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 88% (9 reviews)
a Tableaks financial statements show some improving trends Profitability Profit and sales are both increasing A common size income statement helps to highlight the where this increase is coming from T...View the full answer
Answered By
Aysha Ali
my name is ayesha ali. i have done my matriculation in science topics with a+ . then i got admission in the field of computer science and technology in punjab college, lahore. i have passed my final examination of college with a+ also. after that, i got admission in the biggest university of pakistan which is university of the punjab. i am studying business and information technology in my university. i always stand first in my class. i am very brilliant client. my experts always appreciate my work. my projects are very popular in my university because i always complete my work with extreme devotion. i have a great knowledge about all major science topics. science topics always remain my favorite topics. i am also a home expert. i teach many clients at my home ranging from pre-school level to university level. my clients always show excellent result. i am expert in writing essays, reports, speeches, researches and all type of projects. i also have a vast knowledge about business, marketing, cost accounting and finance. i am also expert in making presentations on powerpoint and microsoft word. if you need any sort of help in any topic, please dont hesitate to consult with me. i will provide you the best work at a very reasonable price. i am quality oriented and i have 5 year experience in the following field.
matriculation in science topics; inter in computer science; bachelors in business and information technology
_embed src=http://www.clocklink.com/clocks/0018-orange.swf?timezone=usa_albany& width=200 height=200 wmode=transparent type=application/x-shockwave-flash_
4.40+
11+ Reviews
14+ Question Solved
Related Book For
Understanding Financial Accounting
ISBN: 9781119715474
3rd Canadian Edition
Authors: Christopher D. Burnley
Question Posted:
Students also viewed these Business questions
-
The following information comes from the accounting records of Tableak Ltd.: Required a. Based on above information, analyze and comment on the changes in the companys profitability and liquidity, in...
-
The following information comes from the accounting records of Hercep Ltd. for the first three years of its existence: In each of the three years, Hercep paid 10% interest on its long-term debt, and...
-
The following information comes from the accounting records of Hercep Ltd. for the first three years of its existence: Required a. Based on above information, analyze and comment on the changes in...
-
Suppose you wanted to hasten the transition from a depletable fossil fuel to solar energy. Compare the effects of a per-unit tax on the depletable resource to an equivalent per-unit subsidy on solar...
-
On September 5, 2015, McCrea Co. provided cash of $3,000 to Pilon & Company for a 150-day period at 4%. a. Journalize the required entry to record the September 5 transaction. b. Journalize the...
-
Consider four different stocks, all of which have a required return of 20 percent and a most recent dividend of $4.50 per share. Stocks W, X, and Y are expected to maintain constant growth rates in...
-
Consider the data from Example 7.9. In Section 7.7.4 Computation Lab: Nearest Neighbour Propensity Score Matching, marital1982 was included when fitting the propensity score model propmod_nhefs....
-
A New Yorker travels to New Jersey to buy a $100 telephone answering machine. The New Jersey Company that sells the machine then deposits the $100 check in its account at a New York bank. How would...
-
How do emergent structures, characterized by self-organizing principles and distributed decision-making authority, challenge traditional hierarchical models of organizational governance and redefine...
-
Imperial Electronics Ltd. is a publicly owned company with 100,000 common shares outstanding. At the last executive committee meeting, Sandra Redgrave, CEO of the company, informed the board members...
-
How does the Disney Company use reinforcement theories of motivation to motivate its workforce?
-
Gabriella is looking to take out a loan at 5.6% interest compounded semiannually for her greenhouse and flower business. If she can make a $1400 payment at the end of each half-year, how much can she...
-
AP Torstar Corporation is a media company that publishes newspapers and digital media. The company reports the following current assets and current liabilities at December 31, 2019 (in thousands)....
-
K Given that f(x) = x-9 and g(x)=5x+1, find (fg) if it exists. 5 +
-
Solve the following inequality. x-8x+12 <0 Select the correct choice below and, if necessary, fill in the answer box. OA. The solution set is (Type your answer in interval notation. Use integers or...
-
Factor the polynomial x3 + 7x - 23x - 21 as the product of a linear factor and a quadratic factor. Answer: I
-
Bond prices and yields Assume that the Financial Management Corporation's $1,000-par-value bond has a 5.200% coupon, matures on May 15, 2027, has a current price quote of 95.737 and a yield to...
-
If you draw one card from a deck of 17 cards numbered 1 through 17, what is the probability that the card will be odd or divisible by 3? (Enter your probability as a fraction.) 2/17 Need Help? Read...
-
( is the set of 100 points arranged in a square array of 10 columns, each with 10 points, and o is defined by: o (A) = number of columns that contain at least one point of A.
-
One hundred pounds of water at atmospheric pressure are heated from 60F to 200F. What is the enthalpy change? The internal energy change? Why is the difference between the internal energy change and...
-
(a) Identify and describe the first four steps in the accounting cycle. (b) Does it matter in which order the steps are completed? Explain.
-
(a) Distinguish between current liabilities and non-current liabilities. (b) Explain why a company may classify a bank loan as both a current liability and a non-current liability on the same...
-
(a) What are current liabilities? (b) Give four examples of current liabilities a company might have and identify the order in which a company would list these liabilities on the statement of...
-
Communicate with relevant stakeholders agreed roles and responsibilities. I. How do you connect with stakeholders? II. How do you inform stakeholders III. What information should be communicated to...
-
Suppose being a human resource manager, during meeting conduction certain mistakes were made and meeting was disorganised. You must ask yourself where you were, who else was present, and what...
-
Tom the tech used to love building computers and game boxes in his parent's garage. Now that he has a job in tech, his boss tells him which projects to work on and enforces company rules that Tom...
Study smarter with the SolutionInn App