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

Consolidated income statement and consolidated statement , CONSOLIDATED INC...

CONSOLIDATED INCOME STATEMENT AND CONSOLIDATED STATEMENT OF CHANGES IN EQUITY     The consolidated income statement follows similar principles as those of the consolidated balanc

Market risk premium , A company presently pays a dividend of $2 per share, ...

A company presently pays a dividend of $2 per share, D0 = 2. It is estimated that the company's dividend will enhance at a rate of 17% percent per year for the next 2 years, then t

Writing assignment, you are aceo of acme ,inc located in united states .you...

you are aceo of acme ,inc located in united states .you use the discounted pay back period method and accept all projects that pay back in hree years.a project that will cost 5,500

Sec reporting implications, SEC reporting implications i) Potentially i...

SEC reporting implications i) Potentially inaccurate reporting of executive compensation in proxy statements and annual reports ii) Potential violation of securities and Law

Financial and Managerial Accounting 9e, I need extra help with receivable t...

I need extra help with receivable turnover, days'' sales uncollected, and bank reconciliation.

What is the effect on g''s capital, Partners F and G receive an interest al...

Partners F and G receive an interest allowance of $10,000 and $15,000, respectively, and divide the remaining profits and losses in a 3:1 ratio. If the company sustained a net loss

Auditing., assess the risk of material misstatement at assertion level

assess the risk of material misstatement at assertion level

What is the average rate of return on investment, a company is evaluating a...

a company is evaluating a project requiring capital expenditure of 620,000. estimated life of project is four years and no salvage value. estimated net income and net cash flow fro

International accounting standards committee, International Accounting Stan...

International Accounting Standards Committee, the (IASC) - is an independent private sector body, formed in 1973, with objective of harmonizing the accounting principles that are u

Define the term- how are businesses organised, Define the term- How are bus...

Define the term- How are businesses organised Nearly all businesses which involve more than a few owners and/or employees are set up as limited companies. This means that finan

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