Prepare a classified statement of financial performance

Assignment Help Accounting Basics
Reference no: EM13524114

You are required to:

a) Prepare a classified statement of financial performance for 2012 and 2013

b) Prepare a classified statement of financial position for 2012 and 2013

c) From the company's financial statements, calculate the following ratios for the two years:

i) Return on Assets ratio
ii) Return on Equity ratio
iii) Net Margin
iv) Quick ratio
v) Current ratio
vi) Asset turnover ratio
vii) Average settlement period for debtors
viii) Average settlement period for creditors

d) Provide a report to management of X Limited Company giving advice based on your results from the ratios above.

Reference no: EM13524114

Questions Cloud

Enter only a numerical value : A sample of 88.0 g CO2 is held at 291 K in a 50.0 L container. What is the pressure this gas exerts on the container. Express your answer in kPa. Enter only a numerical value
How to calculate the wavelength of light emitted : Calculate the wavelength of light emitted when each of the following transitions occur in the hydrogen atom.
Determine the direction of the total force : Two point charges are located on the y-axis as follows: one charge = -1.35 located at -0.555 , and a second charge = 3.10 at the origin. What is the direction of the total force
Define organic or inorganic reagents : How could you synthesize ethyl-(E, E)-5-phenyl-2, 4-pentadieneoate via a Wittig reaction, using benzaldehyde as your carbonyl compound and any other necessary organic or inorganic reagents
Prepare a classified statement of financial performance : Prepare a classified statement of financial performance for 2012 and 2013 - prepare a classified statement of financial position for 2012 and 2013
Explain oxidation-reduction reaction in acidic solution : Balance the following oxidation-reduction reaction, in acidic solution, by using oxidation number method or the half-reaction method. KClO3 + HBr = Br2 + KCl +H2O
What is the magnitude of the cars acceleration : A car is traveling around a horizontal circular track with radius r = 190.0 m as shown. It takes the car t = 59.0 s to go around the track once. What is the magnitude of the car's acceleration
Evaluate the ph of solution containing imidazole : Calculate the pH of a 100 ml solution containing 1.00 g of imidazole (FM 68.08) and 1.00 g imidazole hydrochloride (FM 104.54). pKa of imidazole is 6.993. How many ml of 1.07 M HClO4 should be added to 1.00 g of imidazole to give a pH of 6.993
Explain how the business would benefit : Explain how the business would benefit from information created and knowledge kept in their information system.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Determine the total compensation cost

The common shares have a market price of $22.50 per share on the grant date. Suppose Magnetic Optical expected a 10% forfeiture rate on the restricted shares prior to vesting Determine the total compensation cost.

  Find difference between top down and bottom up budgeting

What is the difference between top down and bottom up budgeting? Under what circumstances might one approach be preferred to the other?

  Provide the journal entries for each calendar month

You have been asked to provide the journal entries for each calendar month, commencing 1 January 2009 and ending 30 June2009, to record the security in accordance with AASB139 assuming that it is classified as:

  Describing the steps of your current writing approach

Write a 150- to 200-word paragraph describing the steps of your current writing approach. For example, how do you approach writing an assignment for a class? In addition, outline the ways your process differs from or is similar to the writing ..

  What is the consolidated balance for land on balance sheet

The selling price was $83,000. There were no other transactions which affected the companies' land accounts during 2010. What is the consolidated balance for land on the 2011 balance sheet?

  Amount of cash reported on a company bank statement

Differences between the amount of cash reported on a company's bank statement and the balance in the company's Cash account before the bank reconciliation are primarily due to:

  Problem relating to revenue cycle

The following documents are used in the revenue cycle: - Customer order - Sales order - Sales invoice - Credit memo

  Special-order merchandise on credit

Part 1 On July 1, 2010, Wallace Company, a calendar-year company, sold special-order merchandise on credit and received in return an interest-bearing note receivable from the customer.

  Cost of quality problems

Of the 4 categories of quality costs, which one best describes the quality issues each team experienced during the first production period of the GuessPacho TM Lego TM simulation game?

  What amount of depreciation expense should be reported

What amount of depreciation expense should be reported in Worthington's income statement for the year ended December 31, 2011?

  The pension plan assumptions remain unchanged

a. Estimate pension expense for 2006 assuming that the pension plan assumptions remain unchanged from 2006, service cost is 10% of beginning of year PBO and that the prior service costs and transition assets are being amortized over 20 years.

  Share premium account

What is share premium account? if we have some amount in sharepremium account how can we utilse it? are there any accounting standards for this?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd