The equity section of Windsor SA appears below as of December 31, 2022.Share capital-preference (6% preference shares, R$50 parvalue, authorized 94,600 shares, outstanding 84,600 shares)Share capital-ordinary (R$1 par, authorized and issued 10,000,000 shares)Share premium-ordinaryRetained earningsNet incomeEarnings Per Share:Income from continuing operationsDiscontinued operations, net of taxR$125,960,000Net income31,020,000R$R$4,230,000Net income for 2022 reflects a total effective tax rate of 20%. Included in the net income figure is a loss of R$11,280,000 (before tax)as a result of discontinued operations. Preference dividends of R$253,800 were declared and paid in 2022. Dividends ofR$ 940,000 were declared and paid to ordinary shareholders in 2022.10,000,000Compute earnings per share data as it should appear on the income statement of Windsor SA. (Round answers to 2 decimal places, e.g.1.48.)19,270,000156,980,000R$190,480,000

The earnings per share is the earnings which have to be computed at the earnings which are available…

Answered: Compute earnings per share data as it…

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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The following information was extracted from the accounting records of Royal (Pty) Ltd for the financial year ended 31 May 2021. Royal (Pty) Ltd Extract: Statement of financial position as at 31 May 2021 Property, plant and equipment: Land and buildings at cost.. Equipment at carrying amount... Investment in shares... Inventory....... Trade debtors.. Prepaid expenses.. Ordinary share capital.. Retained earnings.... 12% Debentures... Trade creditors.. Bank overdraft.. Income tax payable.. Dividends payable. 31 May 2021 R 300 000 45 000 247 500 186 000 55 500 Nil 600 000 500 82 30 000 37 500 31 500 7 500 45 000 31 May2020 R 240 000 52 500 165 000 180 000 42 750 2 250 442 500 7 500 90 000 63 750 37 500 11 250 30 000
Compute common-size percents for the following comparative income statements (round percents to one decimal). Using the common-size percents, which item is most responsible for the decline in net income?
Kindly make a thorough analysis or explanation of this horizontal analysis comparative income statement.
The Company provided the following financial information: Assets 17.250.800.00 Tax rate 35% BEP 14% ROA 4% Compute for the TIE ratio. Use 4 decimal places for your final answer
G.84.
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Subject: accounting
1. Multiple-Choice: Calculate Company Y's return on assets, to two decimal places, based on the following information for the current year. a) 7.50 b) 9.00 c) 8.18 d) 7.27
Subject: acounting
Required: 1. Complete the following columns for each item in the comparative financial statements (Negative answers shoul be indicated by a minus sign. Round percentage answers to 2 decimal places, i.e., 0.1243 should be entered as 12.43.): Increase (Decrease) Year 2 over Year 1 Amount Percentage Statement of earnings: Sales revenue Cost of sales Gross margin Operating expenses and interest expense Earnings before income taxes Income tax expense Net earnings $ 45,770 38,650 7,120 4,020 3,100 1,050 $ 2,050 Statement of financial position: Cash (4,720) Accounts receivable (net) (4,220) Inventory 6,200 Property, plant, and equipment (net) 6,380 $ 3,640 Current liabilities (3,840) Long-term debt 3,530 Common shares 0 Retained earnings 3,950 $ 3,640
12. The Company provided the following financial information: Assets 7,250,800.00 Tax rate 35% BEP 14% ROA 4% Compute for the TIE ratio. Use 4 decimal places for your final answer.
Indicate the effect of the transactions listed in the following table on total current assets, current ration, and net income. Use (+) to indicate an increase, (-) to indicate a decrease, and (0) to indicate either no effect or an indeterminate effect. Be prepared to state any necessary assumptions and assume an initial current ratio of more than 1.0. Federal income tax due for the previous year is paid.

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Compute earnings per share data as it should appear on the income statement of Windsor SA. (Round answers to 2 decimal places, e.g. 1.48.) Earnings Per Share: Income from continuing operations Discontinued operations, net of tax Net income R$