Questions from Financial Accounting


Q: The following are the summarized financial statements of Alpha and Omega,

The following are the summarized financial statements of Alpha and Omega, two companies that operate in the same industry: Required a. Using ratio analysis, comment on the profitability, efficiency,...

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Q: One of your clients is a beef farmer. She informs you

One of your clients is a beef farmer. She informs you that the price of beef has fallen dramatically over the past few months and that she expects it to fall even further over the next three months. S...

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Q: Two companies show the following financial statements for the year to 30

Two companies show the following financial statements for the year to 30 November 20X9. Additional information 1. A. Ltd paid a dividend of £150,000 during the year. 2. B. Ltd paid a di...

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Q: The outline statements of financial position of the Nantred Trading Co.

The outline statements of financial position of the Nantred Trading Co. Ltd were as shown below: Additional information The only other information available is that the revenue for the years ended 3...

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Q: You are given below, in draft form, the financial statements

You are given below, in draft form, the financial statements of Algernon Ltd for 20X8 and 20X9. They are not in publishable format. Required a. Calculate for Algernon Ltd, for 20X8 and 20X9, the fol...

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Q: Toome Ltd is a manufacturer of mechanical toys for boys. You

Toome Ltd is a manufacturer of mechanical toys for boys. You have been provided with a schedule of key performance ratios for the company for the period 20X5 to 20X9 as follows: Required Using the h...

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Q: Aragon (a bank) has recently received a request for a

Aragon (a bank) has recently received a request for a term loan from one of its customers, Valencia plc, a company listed on the Alternative Investment Market of the London Stock Exchange. Valencia pl...

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Q: The directors of Atono plc were informed at a golf outing by

The directors of Atono plc were informed at a golf outing by fellow directors that it is more valuable to have debt in a company’s capital structure than equity, as debt is cheaper t...

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Q: Using the information provided in 29.20, assume the company

Using the information provided in 29.20, assume the company faces three differing external environment scenarios: boom; steady state; and recession. Each scenario has different income potentials: if t...

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Q: The following are the summarized financial statements of Ingrid Ltd and Epona

The following are the summarized financial statements of Ingrid Ltd and Epona Ltd, two firms that operate in identical industries. Note: The rate of interest on Epona’s overdraft i...

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