Compute debt equity ratio and prepare a cash flow statement, Financial Accounting

Assignment Help:

1.From the following information you are required to prepare a cash Flow statement of XYZ Ltd for the year ended 31st December 2009

LIABILITIES

2008

2009

ASSETS

2008

2009

Share Capital

100000

200000

Fixed Assets

100000

200000

Profit and loss account

50000

 

70000

Goodwill

50000

40000

General reserve

30000

40000

Inventories

50000

70000

6% Bonds

50000

60000

Debtors

50000

80000

Sundry Creditors

30000

50000

Bills Receivable

10000

30000

Outstanding Expenses

10000

 

15000

Bank

10000

15000

 

270000  

435000

 

270000

435000

2. The Balance Sheet as on 31st December 2009 is as follows:

LIABILITIES

Amount(Rs)

ASSETS

Amount(Rs)

 Equity Share Capital

 2000000

 Fixed Assets (Net)

 1700000

General Reserves

200000

 

 

Secured Loans:

Fixed               300000

 

600000

Current Assets:

Stock

 700000

Debtors

300000

Cash Credit      300000

Loans and Advances

700000

 

Current Liabilities

 

 600000

 

 

 

 3400000

 3400000

 Compute:

i) Debt - Equity ratio

ii) Current Ratio


Related Discussions:- Compute debt equity ratio and prepare a cash flow statement

our assumptions about consumer behavior, 5.    A stockholder named Sue mus...

5.    A stockholder named Sue must cast a vote for chair of the board. Sue prefers Mr. Lee to Ms. Doe, Ms. Doe to Mr. James, and Mr. James to Mr. Lee. a. Are Sue's preferences c

Which is not necessary in order for corporation to pay cash, Q. Which one o...

Q. Which one of the following is not necessary in order for a corporation to pay a cash dividend? a. Adequate cash b. Approval of stockholders c. Declaration of dividends by the bo

Unrealized profit on closing inventory , UNREALIZED PROFIT ON CLOSING INVEN...

UNREALIZED PROFIT ON CLOSING INVENTORY Where one company has bought goods from another company in the group and part of these goods are included in the closing inventory, then t

Enumerate the characteristics of accounting information, Enumerate the char...

Enumerate the characteristics of accounting information Qualities, or characteristics, which have just been depicted would help us to decide whether accounting information is p

Calculate the sales needed to earn a profit of 20% on sales, Question: ...

Question: The following data are obtained from the record of a factory:                                                        £                   £ Sales 4,000 units @ £2

Illustration of maximum possible loss method-partnership, Illustration of m...

Illustration of maximum possible loss method A, B and C have been partners for several years, sharing profits and losses in the ratio 2:2:1. They decided to dissolve the firm o

What are the tax effects of the debt adjustments, Harry purchased equipment...

Harry purchased equipment for his business and gave the seller cash and a note due in two years. Larry also purchased business equipment, but financed the transaction with a bank l

Financial reporting, what the meaning of the economic consequences of accou...

what the meaning of the economic consequences of accounting information quality with examples?

Write Your Message!

Captcha
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