FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:Liabilities & Stockholders Equity
Accounts payable
Notes Payable
Accruals
57, 000
13, 000
5, 000
75, 000
150, 000
49, 000
16, 000
6, 000
71, 000
160, 000
Total Current Liabilities
Long Term Debt
Shareholders Equity
Com. stock Equity (share outstanding)
Retained Earnings
110, 200
73, 100
183, 300
408, 300
120, 000
50, 200
170, 200
401, 200
Shareholders Equity
Total Liabilities & S/holders Equity
Calculate the following ratio for both years and comment on the comparison (use 365days) ;
i.
Current ratio
Acid ratio
Inventory turnover
Average collection period
Total Asset Turnover
ii.
ii.
iv.
V.
vi.
Debt ratio
Profit margin
viii. Earnings before Interest and Taxes
vii.
ix.
Return on Asset
х.
Return on Equity
Transcribed Image Text:Income Statement for XYZ Ltd for year ending 2014
RM
Sales Revenue
600, 000
460, 000
140, 000
Less Cost of Goods sold
Gross Profit
Less Operating Expenses
General & Admin Expenses
Depreciation Expenses
30,000
30,000
60, 000
80, 000
10, 000
70, 000
27, 100
42, 000
Total Operating Expenses
Net profit before Interest and Taxes
Less Interest Expenses
Net profit before taxes
Less Taxes
Earning available for Common Shareholders
Balance Sheet of XYZ Ltd as at 31 Dec
2014
2013
RM
RM
Assets
15, 000
7, 200
34, 100
82, 000
138, 300
16, 000
8, 000
42, 200
50, 000
116, 200
Cash in hand
Marketable Securities
Accounts receivables
Inventories
Total Current Assets
Land and Building
Machinery & Equipment
Furniture & Fixtures
150, 000
200, 000
54, 000
11, 000
415, 000
145, 000
270, 000
408, 300
150, 000
190, 000
50, 000
10, 000
400, 000
115, 000
285, 000
401, 200
Others
Total Gross Fixed Assets
Less Accumulated Depreciation
Net Fixed Assets
Total Assets
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