art One: 2018: 31.57% 2019: 24.88% 2020: 25.53% 2021:15.09% 2022:16.03% Based on your analysis from Part One, which of the following transactions and events would result in a deterioration in Return on Equity in year 2020? A) the cash sale of a non-current asset for a profit B) a payment of income tax owing from the previous period C) recognising the impairment of plant & equipment D) A and B only E) A and C only
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Part One:
2018: 31.57%
2019: 24.88%
2020: 25.53%
2021:15.09%
2022:16.03%
Based on your analysis from Part One, which of the following transactions and events would result in a deterioration in Return on Equity in year 2020?
A) the cash sale of a non-current asset for a profit
B) a payment of income tax owing from the previous period
C) recognising the impairment of plant & equipment
D) A and B only
E) A and C only
F) B and C only
G) All of the above
H) None of the above
Step by step
Solved in 2 steps
- Which of the following transactions and events would result in a deterioration in Net Tangible Asset Backing in year 2020? A. the consumption of a prepaid expense from the previous period B. a payment for wages owing from the previous period C. the recognition of income tax expense owing at the end of the periodIII. Direction: The following comparative financial statements are provided by Zeus Company. Using Horizontal and Vertical approach, calculate the missing and write your answer on the blank. Show supporting solutions in a separate sheet of paper. Answer the questions at the bottom of this activity. ZEUS COMPANY COMPARATIVE STATEMENT OF FINANCIAL POSITION December 31, 2019 and 2018 2019 2018 Rate of Inc(Dec) Assets: Current assets P550,000.00 45% 21.98% Long-term investments Fixed assets (net) 10% 200,500.00 25% 30% 0.76% Intangible assets 50,000.00 Total Assets P1,211,500.00 Liabilities: Current liabilities 20% P200,800.00 Long-term liabilities Total liabilities 100,000.00 200,000.00 P400,800.00 Owner's Equity P869,200.00 60% Total liabilities and equity ZEUS COMPANY COMPARATIVE INCOME STATEMENT For the years 2019 and 2018 2019 2018 Rate of Inc(Dec) Sales P500,000.00 (0.50%) Cost of Goods Sold 50% 40% Gross Profit P301,500.00 Operating Expenses: Salaries P95,000.00 P97,000.00 Rent…ROA (return on assets) is measured by Earning before interest & tax / Average total assets Assume ROA is less than 100% and that the cash balance remains positive. State the effect the following event occurring on the reporting date would have on this ratio. EVENT: An upwards revaluation of land Decrease
- is there any chance these other calculcations could be done please? thank you :) Return on Capital Employed(v) Asset turnover(vi) Non-current asset turnover(vii) Current Ratio(viii) Quick Ratio(ix) Inventory days(x) Receivables days(xi) Payable days(xii) Interest coverIn horizontal analysis, each item is expressed as a percentage of the: Choose net income amount nt for depreciation expense is generally: stockholders' equity amount total assets amount base-year amountQ1 Which of the following statement (s) is (are) true? (i) When no future economic benefits are no longer expected to flow from an intangible asset, such asset should be derecognized the financial statements of an organization. (ii) When an intangible asset is derecognized, the carrying amount should be written off as a loss in the profit or loss statement at the date of retirement of the asset. (iii) When an intangible asset is sold, the difference between the carrying amount and consideration received is recognized in the profit or loss statement at the date of the sale. (iv) Consideration to be received in the event of sale of an intangible asset should only be cash Select one: a. (ii) and (iv) only b. (i) and (ii) only c. (i) and (iv) only d. (i), (ii) and (iii) only
- choose the right answer The debts which are to be repaid within a short period (a year or less) are referred to as, Contingent liabilities All the above Fixed liabilities Current Liabilities O choose the right answer Gross profit is Sales - Purchases O Cost of goods sold + Opening stock Sales - cost of goods sold Net profit - expenses2.Which of the following alternatives represents the correct return on assets ratio for year 2021?A. 17,93%B. 20.32%C. 28,97%D. 30,34%E. 27,59%Referring to the following data of the Omani Company, that extracted from the balance sheet at 31122019. answer the following questions: (Note; Write all Equations regarding the questions) 1. The company manager targets to reduce the current ratio in the year (2020) by 33% from the previous year (2019), this requiring to downsize the amount of the total current asset. To what level can the manager reduce the total current asset to achieve this target at (2020)? (Suppose the other things are fixed) 2. The manager put a plan to reduce the selling period in the (2020) by (16.7%) from the previous year (2019). Calculate the new inventory turmover. (Suppose the other things are fixed) Data of 2019 Total Asset Turmover 2 Times Net Fixed Asset 400 (Thousand OMR) 400 (Thousand OMR) 2000 (Thousand OMR) Total Liabilities Sales Quick Ratio 1.5 Times Accounts Receivable 150 (Thousand OMR) 200 (Thousand OMR) Long-term Liabilities
- Which of the below are the correct adjustments we make to a company's EBIT to arrive at its FCFF? Select all that apply. Select All That Apply A B D E F Take out taxes Subtract depreciation and amortization Subtract capital expenditures Add back acquisition expenses Subtract changes in net working capital Add back R&D expenses ?Profit margin (%) Total asset turnover Equity multiplier ROE Company A 2018 33.2 0.345 1.20 2019 29.5 0.406 1.26 2020 36.9 0.330 1.13 Company B 2018 36.9 0.463 1.30 2019 33.5 0.360 1.23 2020 26.2 0.436 1.36 Calculate ROE for both companies and interpret your answer. Which company will you prefer for investment in 2018, 2019 and 2020? Explain. Interpret the values in profit margin, total asset turnover and equity multiplier. Will your investment decision for 2018, 2019 and 2020 change once you use DuPont identity instead of ROE? Explain. Note- answer both the parts of the questionReferring to the following data of the Omani Company, that extracted from the balance sheet at 31 12 2019, answer the following questions: - (Note; Write all Equations regarding the questions) 1. The company manager targets to reduce the current ratio in the year (2020) by 33% from the previous year (2019), this requiring to downsize the amount of the total current asset. To what level can the manager reduce the total current asset to achieve this target at (2020)? (Suppose the oth things are fixed) 2. The manager put a plan to reduce the selling period in the (2020) by (16.7%) from the previous year (2019). Calculate the newinventory tumover (Suppose the other things are fixed) Data of 2019 Total Asset Turnover 2 Times Net Fixed Asset 400 (Thousand OMR) Total Liabilities 400 (Thousand OMR) Sales 2000 (Thousand OMR) Quick Ratio 1.5 Times Accounts Receivable 150 (Thousand OMR) Long-term Liabilities 200 (Thousand OMR)