On 31st March, 2016, ledger balances taken from the books of Menon Ltd. were as follows : Cr. Balances Dr. Balances Share Capital : Authorised & Issued : 5,000 Equity Shares of 100 each fully paid Surplus Account Bank Overdraft Creditors Provision for Taxation Proposed Dividend Land and Buildings Plant ånd Machinery Stock Sundry Debtors 2,20,000 95,000 3,50,000 1,55,000 5,00,000 1,03,000 20,000 77,000 45,000 75,000 8,20,000 8,20,000 Net profits of the company, after deducting all working charges and providing for depreciation and taxation, were as under : Year ended 31* March : 2012 $ 85,000 ; 2013 $ 96,000; 2014 $ 90,000 ; 2015 $ 1,00,000; 2016 $ 95,000. On 31* March, 2016, Land and Buildings were valued at $ 2,50,000 and Plant and Machinery at $ 1,50,000. In view of the nature of the business, it is considered that 10% is a reasonable return on tangible capital. Prepare a valuation of the company's shares after taking into account the revised values of fixed assets and your own valuation of goodwill based on five years' purchase of the super profits based on the average profit of the last five years.

On January 1, Park Corporation and Strand Corporation had condensed balance sheets as follows: Current assets Items Noncurrent assets Total assets Current liabilities Long-term debt Stockholders' equity Total liabilities and equities Park $ 92,500 114,500 $ 207,000 $ 44,000 64,000 99,000 Strand $ 31,050 49,700 $ 80,750 $ 30,750 0 50,000 $ 207,000 $ 80,750 On January 2, Park borrowed $58,400 and used the proceeds to obtain 80 percent of the outstanding common shares of Strand. The acquisition price was considered proportionate to Strand's total fair value. The $58,400 debt is payable in 10 equal annual principal payments, plus interest, beginning December 31. The excess fair value of the investment over the underlying book value of the acquired net assets is allocated to inventory (60 percent) and to goodwill (40 percent). Required: On a consolidated balance sheet as of January 2, calculate the amounts for each of the following: a. Current assets b. Noncurrent assets c. Current…

Please do not give solution in image format thanku

QUESTION I Below are the balances available for Delima Berhad as at 31 December 2015: Statement of Financial Position of Delima Berhad as 31 December 2015 RM 170,000,000 115,000,000 150,000,000 435,000,000 Non-current assets Current assets (except cash at hank) Cash at bank Issued share capital 100,000,000 ordinary shares Retained profits Non-current liability 50,000,000 5% redeemable preference shares Current liabilities Additional information: On 1 January 2016, the directors decided on the following matters 100,000,000 3. To redeem 5% redeemable preference shares at a premium of 10% 240,000,000 55,000,000 20,000,000 435,000,000 1. To issue bonus shares of one (1) ordinary shares for every ten (10) shares held to the existing shareholders. 2. To repurchase 2,000,000 ordinary shares at RM1.50 each for cancellation. (u 4 To issue 30,000,000 ordinary shares at RMI. The application were paid and fully subscribed Required: a) Prepare journal entries to record above transactions b) Prepare…

what is the the quick ratio for both years

Assume the following data for Cable Corporation and Multi-Media Incorporated. Multi-Media Incorporated Cable Corporation $ 39,800 352,000 409,000 $ 190,000 2,170,000 966,000 234,000 545,000 175,000 421,000 Net income Sales Total assets Total debt Stockholders' equity a. 1. Compute return on stockholders' equity for both firms. Note: Input your answers as a percent rounded to 2 decimal places. Cable Corporation Multi-Media, Incorporated 2. Which firm has the higher return? Return on Stockholders' Equity % %

Presented below are the consolidated balance sheets and income statements for Cape Town Enterprises Company, Inc.: Compute long-term debt to total assets, long-term debt to shareholders’ equity, and interest coverage ratio for both years.