How would the company present the trade

Assignment Help Accounting Basics
Reference no: EM132788285

Nanno Trading presented the following selected from its financial statements.

Cash and cash equivalents 500,000

Trading Securities 1,000,000

Inventorty 2,500,000

Total Current assets 5,000,000

Total Assets 15,000,000

Trade and other payables 800,000

Total Liabilities 6,000,000 Net Sales 8,000,000

Operating Expenses 2,200,000

Income after tax 960,000

Question 1: On a common size statement of financial position, how would the company present the trading securities?

A. 5.05% C. 20.0% B. 6.7% D. 25.6% Solution:

Question 2: Using the same data in above, how would the company present the trade and other on a common size statement of financial position.

A. 13.3% C. 5.3% B. 10.0% D. 4.0% Solution:

Question 3: Using the same data in above, how would the company present the operating expenses on a common-size income statement?

A. 11.0% C. 25.5% B. 14.7% D. 229.0% Solution:

Reference no: EM132788285

Questions Cloud

Calculating the break even analysis : Does building and construction work count as a fixed cost when calculating the break even analysis
What is the discounted payback period : All amounts are in $AUD. Blackmores is evaluating between two manufacturing facilities projects in Asia. In order to mitigate the risk
Define how the prince represents a humanist approach : Define Humanism, and then write a paper that explains how The Prince represents a humanist approach to the art of governing, in contrast to the idea.
What is the present value of cash flow pattern : If the appropriate discount rate is 8.6 percent per year, what is the present value of this cash flow pattern?
How would the company present the trade : How would the company present the trade and other on a common size statement of financial position. Total Liabilities 6,000,000 Net Sales 8,000,000
Define what motivated americans to go to war : A central interpretive idea that I started this week's lecture revolved around the question of whether or not the Civil War was inevitable.
What the net cash flow used by investing activities would be : What the net cash flows used by investing activities would be? In the month of December, the company purchased machinery costing P750,000 through the issuance
Find the current price of donald duck share : After that, the company expects a constant-growth rate of 8 percent. Find the current price of Donald Duck's share.
Define the relationship that northerners and southerners had : One of the objectives of this first week of class is to think about the role of slavery in the antebellum nation in a more complex and nuanced way.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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