Using comparative financial statements of Zayed Abu Dhabi Corporation above, prepare common size statements. Zayed Abu Dhabi Corporation Comparative Balance Sheets For the years ended December 31, 2020 and 2019 Comparative Balance Sheets For the years ended December 31, 2020 and 2019 2020 2019 Common Size 2020 Common Size 2019 Cash.................................................... 58 78 Accounts recble., net......................... 514 490 Merchandise inventory....................... 1332 1802 Plant assets, net................................. 2020 2014 Total assets........................................ 4442 4002

Using comparative financial statements of Zayed Abu Dhabi Corporation above, prepare common size statements. Zayed Abu Dhabi Corporation Comparative Balance Sheets For the years ended December 31, 2020 and 2019 Comparative Balance Sheets For the years ended December 31, 2020 and 2019 2020 2019 Common Size 2020 Common Size 2019 Cash.................................................... 58 78 Accounts recble., net......................... 514 490 Merchandise inventory....................... 1332 1802 Plant assets, net................................. 2020 2014 Total assets........................................ 4442 4002

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 56CE

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Mirabel Corporation's financial statements for 2020 follow: Sales...... Cost of goods sold. Gross profit.... Operating expenses. Income before taxes. Income taxes.. Net income.. MIRABELCORPORATION Statement of Income For the Year Ended July 31, 2020 Cash. Receivables. Inventory...... MIRABEL CORPORATION Statement of Financial Position July 31, 2020 Property, plant and equipment (net). Total assets. Current liabilities. Non-current liabilities. Common shares. Retained earnings.. Total liabilities and shareholders' equity. Calculate the current ratio (use up to two decimal places) $1,575,000 (976,500) 598,500 (236,250) 362,250 (144,900) $217,350 49,000 143,900 167,800 682,800 $1,043,500 $ 131,000 450,000 250,000 212,500 $1,043,500
Required:a. Calculate the following ratios for Sweets plc for 2021 and 2020, showing the formulas and workings:1- ROCE2- ROE3- Earnings per share4- Net profit margin5- Asset turnover6- Stock holding days7- Debtors collection period8- Current ratio9- Gearing ratio10- Interest cover
The following information for Ford Company for the year 2019 has been assembled: Market value at December 31, 2019 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $600,000 Total liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $100,000 Debt ratio . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40% Return on sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10% Asset turnover . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.0 You are required to compute the following information: Total assets Sales Net income Price-earnings ratio
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Problem 17-2A (Algo) Ratios, common-size statements, and trend percer [The following information applies to the questions displayed below.] Selected comparative financial statements of Korbin Company follow. KORBIN COMPANY Comparative Income Statements For Years Ended December 31 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income Assets Current assets Long-term investments Plant assets, net Total assets Liabilities and Equity Current liabilities Common stock Other paid-in capital Retained earnings Total liabilities and equity 2021 $546,242 328,838 217,404 77,566 49,162 126,728 90,676 16,866 $ 73,810 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total expenses Income before taxes Income tax expense Net income KORBIN COMPANY Comparative Balance Sheets December 31 2020 $ 418,466 263,634 2021 % 154,832 57,748 36,825 94,573 60, 259 12,353 $ 47,906 % $61,141 0 113,547…
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Selected information from the financial statements of Yellow Harvest includes the following: 2020 2019 Net sales.......................................... P2,200,000 P2,000,000 Total Expenses................................... 1,998,000 1,800,000 Required: a. Compute the percentage change in 2020 for the amounts of (1) net sales and (2) total expenses b. Using the information developed in a part a, express your opinion as to whether the company’s net income for 2020: 1. Increased at a greater or lower percentage rate than did net sales. 2. Represented a larger or smaller percentage of net sales revenue than in 2019. For each answer, explain your reasoning without making any computations or references to peso amounts.
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Some selected financial statement items belonging to PXR Company are given in the table below. According to this information, which of the following is Return on Assets (ROA) in 2021? Receivables 18,500 Total Assets in 2021 130,000 Current Liabilities 42,000 Total Assets in 2020 110,000 Net Profit 18,000 Shareholders' Equity 85,000 Select one: a. 0.18 b. 0.11 c. 0.21 d. 0.18

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Comparative Balance Sheets
For the years ended December 31, 2020 and 2019
	2020	2019	Common Size 2020	Common Size 2019
Cash....................................................	58	78
Accounts recble., net.........................	514	490
Merchandise inventory.......................	1332	1802
Plant assets, net.................................	2020	2014
Total assets........................................	4442	4002