Questions from Financial Accounting

Q: ‘Financial ratios are only as good as the accounting information from

‘Financial ratios are only as good as the accounting information from which they are calculated’. Discuss.

Q: The details in Figure 16.8 relate to D Co.

The details in Figure 16.8 relate to D Co. Using that information and appropriate ratios, prepare a financial report on the company. The opening inventory value figures were €135,000...

Q: Set out in Figure 16.9 is summarized balance sheets and

Set out in Figure 16.9 is summarized balance sheets and income statements for F Co. for 20X1 and 20X2. You are required to: (a) prepare a table of ratios, covering all aspects of interpretation as far...

Q: Explain the various possible advantages that a number of sole traders might

Explain the various possible advantages that a number of sole traders might obtain by joining together as a partnership.

Q: Explain the various advantages and disadvantages of moving to a corporate form

Explain the various advantages and disadvantages of moving to a corporate form of business instead of operating as a partnership.

Q: The information has been taken from the company´s books as

The information has been taken from the company´s books as at 31 December 20X1, but the following has not been allowed for: (a) Inventory at the end of the year is €25,00...

Q: This information has been taken from the company´s books as

This information has been taken from the company´s books as at 31 December 20X1, but the information below has not been allowed for. (a) Inventory at 31 December 20X1 is €...

Q: The following revenue transactions occurred during August: Aug. 4

The following revenue transactions occurred during August: Aug. 4. Issued Invoice No. 162 to Oasis Enterprises Co. for services provided on account, $320. 15. Issued Invoice No. 163 to City Electric I...

Q: Using the income statement for Zenith Travel Service shown in Practice Exercise

Using the income statement for Zenith Travel Service shown in Practice Exercise 1-4B, prepare a statement of owner’s equity for the year ended August 31, 20Y4. Megan Cox, the owner,...

Q: The total assets and total liabilities (in millions) of Dollar

The total assets and total liabilities (in millions) of Dollar Tree Inc. and Target Corporation follow: Determine the stockholders’ equity of each company.