The summary data of the ABC Car Rental for December 2019 is presented below in an equation form: Assets = T. No. Liabilities Owner's Equity Cash + Acc Receivable + Supplies + Furniture + Shared Capital + Retained Earnings +Rev -Exp -Divid +10,000 +10,000 + 2,500 +2,500 1,100 -1,100 1,500 +8,000 +6,500 +3,000 +3,000 Which of the following statements describe Item 1? Select one: Oa. Income recorded as accrual revenue. Ob. None of the above.

The summary data of the ABC Car Rental for December 2019 is presented below in an equation form: Assets = T. No. Liabilities Owner's Equity Cash + Acc Receivable + Supplies + Furniture + Shared Capital + Retained Earnings +Rev -Exp -Divid +10,000 +10,000 + 2,500 +2,500 1,100 -1,100 1,500 +8,000 +6,500 +3,000 +3,000 Which of the following statements describe Item 1? Select one: Oa. Income recorded as accrual revenue. Ob. None of the above.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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ned Aldani The summary data of the ABC Car Rental for December 2019 is presented below in an equation form: Assets = Liabilities Owner's Equity T. No. Cash + Acc Receivable + Supplies + Furniture + Shared Capital + Retained Earnings +Rev -Exp -Divid +10,000 +10,000 +2,500 + 2,500 1,100 1,100 1,500 + 8,000 +6,500 +3,000 +3,000 Which of the following statements describe Item 1? Select one: Oa. Income recorded as accrual revenue. Ob. None of the above. Oc. An investment was made by the owner. O d. Income from car rental was recorded.
1. Compute for the financial health ratios of the company for 2019 C.Financial Health/ (Solvency and Liquidity) Solvency ratio: d. Interest Coverage Ratio Liquidity ratio: a. Current Ratio b. Quick Ratio
The following data were taken from Mesa Company's balance sheet: Dec. 31, 2019 Dec. 31,2018 $518,000 Total liabilities $547,800 Total owner's equity 415,000 370,000 a. Compute the ratio of liabilities to owner's equity b. Has the creditor's risk increased or decreased from December 31, 2018, to December 31, 2019?
Question for income statement : BAYAN INVESTMENT CO. (K.S.C.P) a. List 2 expense accounts AND their amounts for 2020. b. What was the net profit/(loss) for 2020? What about 2019? c. Compared with 2019, has the net profit/(loss) increased or decreased?
Using the Balance Sheet and Income Statement please calculate the following: Balance Sheet Assets Liabilities and Owner’s Equity 2018 2019 2018 2019 Current Assets Current Liabilities Cash 300 325 Acts Pay 480 400 Accs Rec 275 270 Notes Pay 560 500 Inventory 600 675 Total 1,040 900 Total 1,175 1,270 Long Term Debt 950 1,200 Fixed Assets Net Fixed 2,350 2,875 Owners Equity Preferred Stock 750 845 Retained Earn 785 1,200 Total 1,535 2,045 Total Assets 3,525 4,145 Total Liabilities & OE 3,525 4,145 2019 Income Statement Net Sales 3,456 COGS 1,895 Depreciation 235 EBIT 1,326 Interest 320 Taxable Income 1,006 Taxes 211.26 Net Income 794.74 Dividends 147 Additions to Retained Earnings 647.74…
1. Compute for the financial health ratios of the company for 2019 C.Financial Health/ (Solvency and Liquidity) Solvency ratio: a. Debt to equity ratio b. Debt Ratio c. Equity Ratio d. Interest Coverage Ratio Liquidity ratio: a. Current Ratio b. Quick Ratio
Prepare a Projected Statement of Financial Position of Sky Company dated December 31, 2019. Below is the list of accounts. Follow the Pro-forma Statement of Financial Position. Lists of accounts & their respective amount: Net, PPE – 7,627,900 Cash - 640,000 Accounts payable -5,189,350 Accounts receivable -4,224,948 Owner’s Equity -16,240,316 Short-term investments – 9,495,393 Short-term borrowings: Inventories – 1,076,000 Payable to PPE supplier - 1,200,000 Accrued taxes – 434,575
Answer probably please .... Calculate the following ratios for Avartar Sdn. Bhd. for years ended 31 March 2019 and 31 March 2018: 1) Gross profit percentage; 2) Net profit percentage (using profit before tax); 3) Return on capital employed; 4) Return on owners' equity; 5) Assets turnover;
Question Connor Tax Services reported net income of £6,500. Listed below is the classified statement of financial position for connor Tax Services for 2020. Required: Calculate CONNOR Tax Service's Return on Assets. Show all your calculations!
J-Mark Superstores provides the following selected financial data. Cash and cash equivalents Short-term investments Accounts receivable Inventory Property, plant and equipment Long-term investments Total asset Total liabilities Total stockholders' equity Net sales Operating income Interest expense Investment income Calculate the return on investments ratio for 2024. Note: Round your answer to 1 decimal place. 2024 $ 852,540 45,050 1,120,545 2,812,020 4,212,686 96,555 9,139,396 4,204,122 4,935,274 15,579,865 5,452,953 157, 655 5,947 X Answer is complete but not entirely correct. Return on investments ratio 4.2 X % 2023 $ 750,235 39,194 1,030,901 2,615,179 3,749,291 82,072 8,266,871 3,968,098 4,298,773 13,710,281 4,661,496 148,804 4,851
Calculate the following ratios for Avartar Sdn. Bhd. for years ended 31 March 2019 and 31 March 2018: 4) Return on owners' equity; 5) Assets turnover; Please answer in detail !
Calculate the following ratios for 2025 and 2026. (Round current ratio to 2 decimal places, e.g. 12.61, debts to assets and gross profit rate to 0 decimal places, e.g.12, and all other answers to 1 decimal place, e.g. 12.6%) Please show your work. 1. Current ratio 2. Debts to assets 3. Gross profit rate 4. Profit margin 5. Return on assets (Total assets at November 1, 2024, were $35,180) 6. Return on common stockholder's equity (Total common stockholders' equity at November 1, 2024, was $25, 180. Dividends on preferred stock were $16,800 in 2025 and $18,000 in 2026)