FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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5. Bruno Inc.'s Financial Statement for years 2014-2015. Compute for the Bruno Inc. Year 2015 Debt to Asset Ratio. (Answer Format: 12.23%, if computed answer is 12.343% answer should be 12.34%, if computed answer is 12.347% answer should be 12.35%)*
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- 2.The following information is from Dejlah, Inc.s, financial statements. Sales (all credit) were AED 800 million for 2020. Sales to total assets... 2 times Total debt to total asset: 30% Current ratio ... 3.0 times Inventory turnover 5.0 times Average collection period 18 days Fixed asset turnover-.... 5.0 times Fill in the balance sheet: Cash..... Current debt Accounts receivable .. Long-term del Inventory ... Total debt . Total current assets Equity...... Fixed assets..... Total assets Total debt and equityarrow_forwardWant answer with calculationarrow_forwardComment on the movements in the ratios over two years and adequacy of the level of gearing and interest cover For 2021: Total Debt = $m 9,194 Stockholders' Equity = $m 5,000 Gearing Ratio = Total Debt ÷ Stockholders' Equity = $m 9,194 ÷ $m 5,000 = 1.84 EBIT = $m 2,500 ( $m 2,400 + $m 100) Interest expense / Finance costs = $m 400 Interest Coverage Ratio = EBIT ÷ Interest expense /Finance costs = $m 2,500 ÷ $m 400 = 6.25 For 2022 : Total Debt = $m 8,685 Stockholders' Equity = $m 5,045 Gearing Ratio = Total Debt ÷ Stockholders' Equity = $m 8,685 ÷ $m 5,045 = 1.72 EBIT = $m 1,730 ( $m 1,700 + $m 30) Interest expense / Finance costs = $m 580 Interest Coverage Ratio = EBIT = Interest expense /Finance costs = $m 1,730 ÷ $m 580 = 2.98arrow_forward
- The comparative accounts payable and long-term debt balances for a company follow. Current Year Previous YearAccounts payable $114,240 $102,000Long-term debt 127,200 120,000 Based on this information, what is the amount and percentage of increase or decrease that wouldbe shown on a balance sheet with horizontal analysis?arrow_forward. The following ratios have been calculated for Wholesale Appliances, Inc. Analyze the capital structure and long-term solvency of Wholesale Appliances, Inc. 2015 2014 Debt ratio (%) 77.8 90.3 Long-term debt to total capital (%) 29.8 66.1 Times interest earned (times) (2.0) (2.8) Cash interest coverage (times) 4.6 4.1 Fixed charge coverage (times) (0.4) (1.0) Cash flow adequacy (times) 0.2 0.3arrow_forwardUsing the financial statements in the image, calculate the following ratios for both the FY 2017 and FY 2018: Current Ratio Quick Ratio Total Asset Turnover Average Collection Total Debt to Total Assets Times Interest Earned Net Profit Margin Return on Assets Return on Equity Modified Du Point Equation for FY 2018 PE Ratio Market to Book Ratioarrow_forward
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