Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Financial Accounting Expert

problem 1)a) Comparative B/S of ABC Company are given below (Rs Lakhs):

Owners Equities & Liabilities                 2009                      2010
Share capital                                        50                         50
Reserves & Surplus                               60                         70
Long term debt                                     95                         80
Short term bank borrowings                   70                         80
Trade creditors                                      50                         60
Provisions                                              20                        15
Total                                                    345                      355
Assets:       
Net fixed assets                                     180                      190
Inventories                                             70                         60
Debtors                                                  60                         70
Cash                                                      20                          15
Other Current Assets                              15                            20
Total                                                    345                           355

Income statement of ABC company for the year 2010 is as given below (Rs.Lakhs):

Net sales                                             800
Cost of Goods sold:
Stocks                                               300
Wages & Salaries                                105
Other Mfg Expenses                            115                           520
Operating Expenses:                                                            150
Selling, Admn. Expenses                                                       130
Depreciation                                        20
Non-operating Surplus or (Deficit)                                          (50)
Interest                                                                                30
Tax                                                                                      20
Dividends                                                                              20
Retained earnings                                                                   10

Prepare funds flow statement on total resource basis   

b) Create the Du Pont chart of ABC Company for the year 2009 – 2010.

c) State and evaluate different liquidity ratios and leverage ratios for ABC Company.

Financial Accounting, Accounting

  • Category:- Financial Accounting
  • Reference No.:- M96455

Have any Question? 


Related Questions in Financial Accounting

What qualities make a future issue a ldquotriggerrdquo

What qualities make a future issue a “trigger”? Consider you are on the strategic planning team for a soft drink company. Here is your company’s future trigger: “merger of our two major competitors next year.” Formulate ...

Yoursquore leading a project to migrate customer data

You’re leading a project to migrate customer data (biographical, billing, and orders) from the legacy system to an off-the-shelf product sold by MicroTech. The project was going well, but a key programmer recently inform ...

Assignmentswish watch corporation manufactures sells and

Assignment Swish Watch Corporation manufactures, sells, and services expensive, ugly watches. The company has been in business for three years. At the end of the most recent year, 2006, the accounting records reported to ...

Assignmentwrite a five- to seven-page financial statement

Assignment Write a five- to seven-page financial statement analysis of a public company, formatted according to APA style. Here is a breakdown of the sections within the body of the assignment: Company Overview Provide a ...

Financial of accounting assignment1a explain the term bank

FINANCIAL OF ACCOUNTING ASSIGNMENT 1. a) Explain the term "bank reconciliation" and state the reasons for its preparation (6mks) b) Jalash, a sole trader received his bank statement for the month of June 2016. At that da ...

Advanced financial accountingpisa company acquired 75

Advanced financial Accounting Pisa Company acquired 75 percent of Siena Company on January 1, 20X3 for $712,500. The fair value of the non-controlling interest was equal to 25 percent of book value. On the date of acquis ...

Martin-pullin bicycle corp mpbc located in dallas is a

Martin-Pullin Bicycle Corp. (MPBC), located in Dallas, is a wholesale distributor of bicycles and bicycle parts. Formed in 1981 by cousins Ray Martin and Jim Pullin, the firm's primary retail outlets are located within a ...

Gaappartnershipsethics1500 words - apa formatyou are an

GAAP/Partnerships/Ethics (1,500 Words - APA Format) You are an accounting student taking a class in accounting. Your professor has given you an assignment for the weekend. He wants you to look at each ethical scenario li ...

Benoit company produces three products a b and c data

Benoit Company produces three products, A, B, and C. Data concerning the three products follow (per unit): Demand for the company's products is very strong, with far more orders each month than the company can produce wi ...

Definedescribediscuss database fields records tables

Define/Describe/Discuss Database (Fields, Records, Tables, Database) and Database Management Define/Discuss/Describe ERD: Relationships, Primary Keys, Foreign Keys, Cardinality, etc. Provide Examples. Define/Describe/Dis ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro