Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN: 9781285595047
Author: Weil
Publisher: Cengage
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Accounting. Computer world inc. paid out $40.3 million in total
Notes relating to the above Statements (pictures):
i. The market value of the shares of the business at the end of the reporting period was £3.00 for 2019 and £2.00 for 2020.
ii. All sales and purchases are made on credit.
iii. At 1 April 2018, the trade receivables stood at £250 million and the trade payables at £210 million.
iv. A dividend of £40 million had been paid to the shareholders in respect of each of the years.
v. The business employed 14,000 staff at 31 March 2019 and 18,628 at 31 March 2020.
vi. The business expanded its capacity during 2020 by setting up a new warehouse and distribution centre.
vii. At 1 April 2018, the total of equity stood at £450 million and the total of equity and non-current liabilities stood at £650 million.
Required
Using the information from the given financial statements, statement of financial position (balance sheets) and income statement (profit & loss accounts) in page 3, calculate and interpret the following ratios for XYZ Plc for the…
Accounting. Computer world inc. paid out $36.5 million in total
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- Required: Compute the following for Year 2: Earnings per share of common stock Price-earnings ratio Dividend payout ratio Dividend yield ratio Return on total assets Return on common stockholders' equity Book value per share Working capital Current ratio Acid-test (quick) ratio Accounts receivable turnover Average collection period (age of receivables) Inventory turnover Average sale period (turnover in days) Times interest earned Debt-to-equity ratioarrow_forwardThe assets of ABC Limited consists of fixed and current while its current liabilities comprise bank credit and trade credit in the ratio of 3:1. From the following figures relating to the company for the year.2015. Share capital Working capital A Gross profit Stock turnover-oh Average collection period Current ratio Quick ratio - Reserves and surplus to cash Current Assal chat Rs.299,500 90,000 25% Required: Prepare its balance sheet showing the details for working: 8 1.5 months 2.5 1.5 4.5 Page 1 of 3arrow_forwardWifi Around reports net income for the year of $220,000. Retained earnings at the beginning and end of the year are $810,000 and $930,000, respectively. What is the cash paid for dividends during the year (assume any dividends declared were paid)?arrow_forward
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