tutorial are the liquidity ratios. Liquidity ratios attempt to measure a company’s ability to pay off its short-term debt obligations. This is done by comparing a company’s most liquid assets (or‚ those that can be easily converted to cash)‚ its short-term liabilities. In general‚ the greater the coverage of liquid assets to short-term liabilities the better as it is a clear signal that a company can pay its debts that are coming due in the near future and still fund its ongoing operations. On the other
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chosen is Audit of property‚ plant and equipment. Property‚ plant and equipment are assets that have expected lives of more than one year‚ used by the company for business purposes‚ and are not acquired for resale. The purpose of using property‚ plant and equipment as part of the operation of client’s business and their expected lives of more than one year are the significant characteristics that distinguish these assets from inventory‚ prepaid expenses‚ and investments. The acquisition of property‚
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Current Ratio 2012 (‘000) 2013 (‘000) (Current Asset)/(Current Liabilities) (Current Asset )/( Current Liabilities) = (RM 308‚510)/RM161‚786 = RM337‚728/(RM 222‚768) = 1.91 : 1 = 1.52 : 1 The table above shows that Dutch Lady has a decreased
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Ratios Working Capital Formula: Total Current Assets – Total Current Liabilities The working capital metric is a measure of both a company’s efficiency and its short term financial health. Positive working capital means that the company is able to pay off its short-term liabilities. Negative working capital means that a company currently is unable to meet its short-term liabilities with its current assets. Current Ratio Formula: Total Current Assets / Total Current Liabilities Generally this
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| | | | | | | COTTE CORPORATION | Balance Sheets | December 31 | | | | Assets | 2009 | 2008 | Current assets | | | Cash | $450‚000 | $375‚000 | Accounts Receivable (net) | $1‚100‚000 | $950‚000 | Inventory | $1‚080‚000 | $1‚720‚000 | Total Current Assets | $2‚630‚000 | $3‚045‚000 | Plant Assets (net) | $4‚620‚000 | $3‚955‚000 | Total Assets | $7‚250‚000 | $7‚000‚000 | | | | Liabilities and Stockholders’ Equity | | | Current
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ACC 300 Final Exam Copy this link to your browser to download: http://www.finalexamguide.com/ACC-300-Final-Exam-1-200.htm 1. Which of the following is not an asset: 2. Amy Co. acquired $500 worth of supplies on credit. Which of the following journal entries would be recorded? 3. Baker Company earned $10‚000 revenue for services provided. Which of the following is correct? 4. Candy Company collected $5‚000 from a customer on account. What journal entry will Candy Company record
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SECURITIES AND EXCHANGE COMMISSION FINANCIAL DISCLOSURES CHECKLIST YES NO N/A Remarks 1. Components of Financial Reports Does the report contain the following? • Statement of Management’s Responsibility [ ] [ ] [ ] __________ • Statement of Representation (for first time filing) [ ] [ ] [ ] __________ • Report of Independent Auditor [ ] [ ] [ ] __________ • Comparative Balance Sheets [ ] [ ] [ ] __________ • Comparative Income Statements
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company and allow it to be desired by investors. * Total Current Assets: Previous Annual Reporting Period * * The total current assets at the end of the previous annual reporting period‚ December 31‚ 2011‚ was $22‚985‚000 in comparison to the most current year of 2012’s results of $22‚706‚000. Therefore‚ the total current assets “depleted” $279‚000. However‚ in comparison of the two years in regard to total assets‚ including property‚ plant‚ and equipment‚ 2012 shows higher possession
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through a legally designated procedure that simplifies the procedure for acquiring each separate asset and liability‚ and this system was created to revitalize investment and organizational re-structuring. The business transfer is a case where the purchaser adds the seller’s assets and liabilities to its assets and liabilities through a separate sales procedure. In the case of the seller‚ any unsold assets or liabilities may be used to continue the business (in the case of a partial transfer of business)
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and 31 December 2010‚ has been analyzed respectively the correspondents values‚ structure and relevant changes for assets and Liabilities & Shareholder’s Equity with following conclusions: I. The main assets of Jeronimo Martins Group are noncurrent (about 75%) concentrated mostly in tangible assets (about 50%) followed for the intangible assets (about 18%); II. The current assets are mostly inventories and cash or cash equivalent; III. The main liabilities of Jeronimo Martins Group are current
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