
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:On dissolution of a firm, the Balance Sheet revealed that total creditors' 50,000, Total Capital 748,000, Cash Balance 3,000. Its assets
were realised at 12% less. The Loss on realisation will be:
711,400
76,000
73,600
マ11,760
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- Bunny Hip and Hop Brewery has $1,710,000 in assets and $661,000 of debt. It reports net income of $102,000 a. What is its ROA? (Do not round intermediate calculations, Round the final answer to 2 decimal places.) Return on assets b. What is the return on shareholders' equity? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Return on equity c. If the firm has an asset turnover ratio of 18 times, what is the profit margin? (Round the final answer to 2 decimal places) Profit marginarrow_forwardBased on the information above, what is the is the firm's EPS? Group of answer choices $7.55 $6.80 $5.84 $6.47arrow_forwardThe Green Carpet has current liabilities of $72,100 and accounts receivable of $107,800. The firm has total assets of $443,500 and net fixed assets of $323,700. The owners' equity has a book value of $191,400. What is the amount of the net working capital? a. $47,700 b. $6,500 c. $50,100 d. -$29,700 e. -$18,800arrow_forward
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