Questions from General Accounting

Q: Describe the items that are likely to be present in a statement

Describe the items that are likely to be present in a statement of changes in equity.

Q: Discuss what is meant by fundamental analysis and the role it plays

Discuss what is meant by fundamental analysis and the role it plays in determining buy, hold and sell recommendations.

Q: If days inventory for Fab40 retail outlet was 35 days and days

If days inventory for Fab40 retail outlet was 35 days and days creditors was 12 days, calculate what the cash cycle would be if credit sales for a year amounted to $88 000 and the average trade debtor...

Q: The statement of financial position for Ambre Ltd is presented below.

The statement of financial position for Ambre Ltd is presented below. Perform a horizontal analysis of the change (in absolute and percentage terms) between the year-end figures. Identify any signific...

Q: Coconut Plantations Pty Ltd’s financial records reveal the following as at 30

Coconut Plantations Pty Ltd’s financial records reveal the following as at 30 June 2021. Net sales (all credit) …………………………………………….. $1 675 000 Cost of sales ………………………………………………………….. 1 025 000 Accounts...

Q: Grammar Ltd reports the following information. / From

Grammar Ltd reports the following information. From this information, calculate and interpret the following ratios (year-end figures have to be used because the comparative year figures are not avail...

Q: The statement of financial position and the statement of profit or loss

The statement of financial position and the statement of profit or loss for Protocol are presented below. (a) Calculate the: (i) Current ratio (ii) Return on assets (use year-end figures) (iii) Return...

Q: Selected information for two companies competing in the catering industry is presented

Selected information for two companies competing in the catering industry is presented below. Required (a) Analyse and compare the liquidity, solvency and profitability ratios of the entities. (b) Fr...

Q: An entity has $660 000 of assets, including current assets

An entity has $660 000 of assets, including current assets of $180 000. The following information has also been ascertained about the entity. • The two owners have contributed $150 000 each. • The ent...

Q: The following table reports various financial ratios for Qantas and Virgin for

The following table reports various financial ratios for Qantas and Virgin for 2018. (a) Given that the companies operate in the same industry, write a report explaining what the ratios suggest about...