The two firms fall in the same industry

Reference no: EM13551054

Given below are the balance sheets of the two firms- Gloria Ltd and Victoria Ltd as on 31st March 2007.
Gloria Ltd. Victoria Ltd.
Assets
Cash and Bank balance 12.70 38.60
Marketable securities 10.00 21.00
Sundry debtors 22.00 23.70
Prepaid expenses 93.50 162.45
Current Assets 1.12 2.14
Fixed Assets (Net) 139.32 247.90
Total Assets 589.00 642.00
728.323 889.895
Liabilities and Owners Equity
Sundry creditors 6.75 26.45
Notes payable 6.56 6.45
Long term debt 130.01 345.00
Equity 585.00 512.00

Total 728.323 889.895

1. Can the financial positions of the two firms be compared assuming that the two firms fall in the same industry?

Reference no: EM13551054

Questions Cloud

What is the index of refraction of the unknown material : You send a beam of light from a material with index of refraction 1.19 into an unkown material. What is the index of refraction of the unknown material

The payment of liability a : The payment of liability A

What is the gravitational force on the satellite : A satellite with a mass of 270 kg moves in a circular orbit 4.00 107 m above the Earth's surface. (a) What is the gravitational force on the satellite? . N (b) What is the speed of the satellite? . km/s (c) What is the period of the satellite?

Explain a sample of carbon dioxide of mass : A sample of carbon dioxide (Cop,m = 37.11 J K-1 mol-1)of mass 1.50 g at 27°C is allowed to expand reversibly and adiabatically from 500 cm3 to 4.65 dm3. What is the work done by the gas

The two firms fall in the same industry : Can the financial positions of the two firms be compared assuming that the two firms fall in the same industry?

What is the tension in the cord and speed of the ball : A tether ball of mass 0.40 kg is attached to a vertical pole by a cord 1.5 m long. Assume the cord attaches to the center of the ball. The cord makes an angle of 20° with the vertical. (a) What is the tension in the cord? . N (b) What is the speed of..

Explain sample was studied by combustion analysis : When a 0.325 g sample was studied by combustion analysis, 0.583 g of CO2 and 0.0790 g of H2O formed. How many moles of each of the following were in the original sample

What is the shape of the output sound waveform : What will happen when two waves of the same amplitude and wavelength meet at the same place and the same time and they are in phase, What is the shape of the output sound waveform

Components of the forces exerted by the two hinges on door : A uniform 25 kg door that is 2.4 m high by 1.10 m wide is hung from two hinges that are 20 cm from the top and 20 cm from the bottom. If each hinge supports half the weight of the door, find the magnitude and direction of the horizontal components of..

User Account

All Pages