Ali Mamat Enterprise Trial Balance as at 31 December 2019 Particulars Sales Purchases Salaries Motor expenses Rent Insurance Debit (RM) Credit (RM) 190,576 119,832 56,527 2,416 1,894 372
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- Compute the following ratiosat December 31, 2019: i.Current ratio ii.Acid-test Ratio iii.Account Receivables Turnover iv.Average collection period v.Inventory Turnover vi.Days in inventory vii.Profit margin viii.Debts to Asset ratio ix.Return on Assets x.Times Interest EarnedRequired: For each of the following accounts, what amount will Voltac report on its 2024 financial statements? a. Inventory b. Cost of goods sold c. Sales d. Accounts receivable e. Accounts payable f. CashExpress the Balance Sheets/Financial Position and Income Statement in common-size percents, using Year 2019 as base year. Round percents to one decimal. Do not put the percent when writing your answer. Refer to the format given Common-Size Comparative Financial Position In % At December 31 2021 2020 2019 Assets Cash
- Pasta Corporation acquired 75% of Sauce Company on January 1, 2020 for $566,250 cash. The fair value of the other 25% ownership interest is estimated to be $188,750. ADDITIONAL INFORMATION: On the date of acquisition: * The Book Value of Sauce Company's net identifiable assets was $652,000. * Sauce's Company's Plant Assets were undervalued by $75,000 (remaining life was estimated to be 5 years). * Sauce's Company's Inventories were overvalued by $9,000 (all sold by year end). * New Goodwill was determined to be $37,000. At year-end, it was determined that the New Goodwill was impaired by $5,800. * For 2020, Sauce reported net income of $146,500 and paid dividends of $26,000. Assume that Pasta Company uses the fully adjusted equity method to account for its Investment in Sauce.1. Following information is available for the year 2019 and 2020 of XYZ SAOG. You are required to prepare Statement of comprehensive income and Statement of financial position. 2019 2020 Net finance charges 32516 22334 Taxation expense 818918 545790 Sales 41638212 42845900 Cost of sales 27672478 26212660 Other income 1001286 826020 Legal reserve 12777322 12415734 Retained earnings 3742920 5228032 Fair value reserve 243514 -65174 Salaries and other employee related costs 4554888 4278172 Unrealized gain on Fair value changes on available for sale investments 308688 2264658 Property, plant and equipment 35411014 38329456 Available for sale investments – Long term 3188116 3150452 Non-current portion of held-to-maturity investments 3858778 5804256 Other Investments 1540800 Accounts and other payables 5607514 6086376 Taxation payable 668454 755446 Current portion of held-to-maturity investments 10930634 6000000 Inventories 10334502 8507048 Accounts and other receivables 18420298 14737064…Find earnings per share 2019. i atteched income statement and balance sheet
- FINANCIAL RATIO: Requirement: Compute for the following financial ratios for the year 2021 (round-off answers to two decimal places) f. Accounts receivable turnover (assume all sales are on credit) g. Days of receivable (use 365 days) h. Debt ratio i. Equity ratio j. Debt-to-equity ratio k. Gross profit ratio 1. Net profit ratio m. Return on assets n. Return on equity1. 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 Ratio1. 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