Based on financial reports prepare ratio analysis and interpret the result of the Following ratios:A. Liquidity : Current Ratio, Quick Ratio 3STATEMENT OF FINANCIAL POSITIONas at 31 December 2015Parent Company2015RO'000Consolidated2015Notes2014RO'0002014RO'000ASSETSNon-current assetsProperty, plant and equipmentInvestment in subsidiariesInvestment propertyGoodwillOther intangible assetsInvestment in associated companiesDeferred taxOther financial assetsRO'000463,292465,368457,0231,126411,92027,5348.14091011231228,1053,8969,07252,99024,4183,8963,55245,22528,6259,3819,07253,4708714,73530,0679,39912,58145,875552,212516,545563,980578,112Current assets10,35889,25790,38613,02048,828137,507InventoriesTrade and other receivablesOther financial assetsPrepaymentsCash and bank balancesReceivable from subsidiaries8,15481,04489,58812,82945,95511,3328,32885,49773,76416,64544,98081,00873,266141216,42142,99215727221,921248,902229,214251,849Assets of disposal group classified as heldfor sale4,213Total assets774,133765,447793,194834,174EQUITY AND LIABILITIESShare capitalLegal reserveVoluntary reserveCapital contributionForeign currency translation reserveFair value reserveRetained earnings75,00025,00049,87544,181(19,208)61616171819202175,00025,00049,87544,18175,00025,00049,87544,18175,00025,00049,87544,18134690346,095383,306345,728394,700Attributable to equity holders of theparentNon-controlling interests540,185577,362540,474570,164(35,107)(92)Total equity540,185577,362505,367570,072LIABILITIESNon-current liabilitiesBorrowingsDeferred tax liabilityRetirement benefit obligation21,2132,9655,249222314,5952425264,37820,3012,1623,9665,772ProvisionsOther liabilities2,2902,78126,8413,96622,65732,208Current liabilitiesBorrowingsTrade and other payablesRoyalty payableТахation23,057190,59533,61117,90714,305166,23731,543222728155,58933,61117,907132,76731,54319,80919,809207,107184,119265,170231,894Total liabilities233,948188,085287,827264,102Total equity and liabilities774,133765,447793,194834,174Net assets per share (RO)290.7200.7700.7210.760The financial statements were approved and authorised for issue by the Board of Directors on 26 February 2016 and were signedon their behalf by:CHAIRMANDIRECTORCHIÈF EXECUTIVE OFFICERThe attached notes 1 to 51 form part of these financial statements. OMAN TELECOMMUNICATIONS COMPANY SAOCSTATEMENT OF INCOME 2015RevenueWholesale revenu503,659odo BuueoMarketing arAdministrative expensesFactoring, collection and eAmortisation of intangibleOperating profit135,48Impairment insseReciassificationeFinance incoeme(60.396Investment inVoluntary employees' end of serviceOther income - netProfit before taxatioProfit for the yeaAttributable to:auny hosers o the parentProfit for the yearBasic and diluted earnings per share (RO)The attached notes 110 51 form parOMAN TELECOMMUNICATIONS COMPANY SAOGSTATEMENT OF OTHER COMPREHENSIVE INCOMEParent CompanyConsolidaterRO 00Profit for the year19,434Exchange differencen translation of1.318in available for salethe year attributable to:Fguny holders of the pare|川*| * | ||其第7

Liquidity ratios are key financial metrics which determines the ability of a company to meet its…

Answered: Based on financial reports prepare…

Based on financial reports prepare ratio analysis and interpret the result of the Following ratios: A. Liquidity : Current Ratio, Quick Ratio

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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Swifty Corporation’s comparative balance sheets are presented below. SWIFTY CORPORATIONBalance SheetsDecember 3120222021Cash$12,500 $6,100 Accounts receivable18,400 26,600 Inventory13,200 10,200 Land34,200 30,200 Building76,200 76,200 Accumulated depreciation(17,200) (14,200)Total137,300 135,100 Accounts payable19,500 33,300 Common stock ($5 par)74,500 74,500 Retained earnings43,300 27,300 Total137,300 135,100 Swifty’s 2022 income statement included net sales of $122,000, cost of goods sold of $82,000, and net income of $31,000. Compute the following ratios for 2022. (Round Debt to total assets ratio to 1 decimal place, e.g 1.8 and all percentage and days answers to 0 decimal places, e.g 18 or 25% and all other answers to 2 decimal places, e.g. 1.83) (a)Current ratioenter the ratio rounded to 2 decimal places (b)Acid-test ratioenter the ratio rounded to 2 decimal places…
Swifty Corporation’s comparative balance sheets are presented below. SWIFTY CORPORATIONBalance SheetsDecember 3120222021Cash$12,500 $6,100 Accounts receivable18,400 26,600 Inventory13,200 10,200 Land34,200 30,200 Building76,200 76,200 Accumulated depreciation(17,200) (14,200)Total137,300 135,100 Accounts payable19,500 33,300 Common stock ($5 par)74,500 74,500 Retained earnings43,300 27,300 Total137,300 135,100 Swifty’s 2022 income statement included net sales of $122,000, cost of goods sold of $82,000, and net income of $31,000. Compute the following ratios for 2022. (Round Debt to total assets ratio to 1 decimal place, e.g 1.8 and all percentage and days answers to 0 decimal places, e.g 18 or 25% and all other answers to 2 decimal places, e.g. 1.83) (i)Earnings per share$enter a dollar amount rounded to 2 decimal places (j)Payout ratioenter percentages rounded to 0 decimal…
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