Text Predictions: OnABC Inc.Balance Sheet as at December 31, 2015 and 2016 ($ thousands)Current AssetsCashAccounts ReceivableInventoryTotal Current AssetsFixed AssetsProperty, Plant & EquipmentLess Accumulated DepreciationProperty, Plant & Equipment, netTotal AssetsLiabilities and S/H EquityCurrent LiabilitiesAccounts PayableNotes Payable and short-term debtTotal Current LiabilitiesLong-Term DebtShareholders EquityCommon SharesPaid-In CapitalRetained EarningsTotalTotal Liabilities and S/H EquityABC Inc.Income Statement for 2015 and 2016 ($ thousands)RevenueCost of Goods SoldOperating ExpensesDepreciationEarnings Before Interest & Taxes (EBIT)Interest PaidIncome Before Taxes (EBT)Taxes PaidNet Income (NA)DividendINAccessibility: Investigate2015$ 200450550$1,2002.200(1,000)1,200$2,400$ 2000$ 200$600300600700$1,600$2,4002015$1.20070030220$ 25050$ 20080$ 1202016$ 150425625$1,2002,700(1,200)1,500$2,7002016$1,45085040200$36060$ 300120$ 180$80$ 150150300700300600800$1,700$2,700I d) Calculate cash flow from financing activities for 2016= Increase in Notes payable and short-term debt in 2016 over 2015+ Increase in long-termdebt in 2016 over 2015+ Increase in Common shares in 2016 over 2015 - Dividend paid in2016= $(150 -0) + $(700-600) + $(600-600) - $80 = $150 + $100+ 0 - $80 = $170SearchC2

Statement of cash flows Statement of cash flows includes only cash dealt transactions. It has three…

Answered: ABC Inc. Balance Sheet as at December…

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter13: Financial Statement Analysis

Section: Chapter Questions

Problem 13.10E

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Calculate the following ratios from the income statement and balance sheet all are required 1-Payables Turnover 2-Debt-Equity Ratio 3-Debt Ratio 4-Total Asset Turnover 5-Fixed Asset Turnover Statement of financial positionas at 31 December 2018 2018 2017 Note RO RO ASSETS Non-current assets Property, plant and equipment 14 8,407,572 9,300,442 Deferred tax assets 12 40,977 18,550 8,448,549 9,318,992 Current assets Inventories 15 430,885 422,421 Trade and other receivables 16 1,129,440 1,235,724 Due from related parties 24 70,300 73,050 Cash and bank balances 17 6,856,734 6,439,709 Total current assets 8,487,359 8,170,904 Total assets 16,935,908 17,489,896 EQUITY…
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