Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - Kahluha Manufacturers Inc. reported the following information in its financial statements
KAHLUHA MANFACTURERS INC. Statement of Financial Position June 30
Assets
2023
2022
Cash
$32,000
$29,000
Accounts receivable
7,500
5,500
Prepaid Insurance
1,100
1,450
Inventory
220,000
175,000
Building
145,000
155,000
Equipment
36,000
40,000
Total Assets
$441,600
$405,950
Liabilities and shareholders' equity
Accounts Payable
$12,500
$14,500
Notes Payable
10,000
0
Bonds Payable
95,000
Long-Term Debt
116,000
Common shares
25,000
Retained earnings
133,100
96,450
Total liabilities and shareholders' equity
Revenue
$450,000
$300,000
Operating expenses
300,000
210,000
Income from operations
150,000
90,000
Interest expense
6,000
9,000
Income tax expense
20,250
Net income
$108,000
$60,750
Instructions -
(a) Calculate the company's debt to total assets and times interest earned ratios for each year.
(b) Determine if the change from 2022- 2023 is an improvement or deterioration.
Financial Statement Analysis and Preparation
Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?
An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.
Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.
This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited
Prepare general journal entries for Goela Ltd
Prepare the journal entry to record the acquisition of the assets.
Prepare general journal entries to record the transactions, assuming use of the periodic inventory system
Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.
Explain the IASB Conceptual Framework's perspective of users and their decisions.
T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd