Lory Group (Financial ratios)(amounts in millions):A skeleton of Lory Group's financial statements (i.e., Statement of financial position andStatement of profit or loss) for the year ending on 31 December 20X9, appears as followsStatement of financial positionInventoriesTrade receivablesCash and cash equivalentsCurrent assetsNon-current assetsTotal assetsShare capitalReservesRetained earningsEquityTrade payablesLong-term liabilitiesEquity and liabilitiesStatement of profit or lossNet salesCost of salesAdministrative expensesInterest expenseProfit before taxesIncome tax expenseProfit for the year9h-9.533i17.566jka3.0267.196bCd63.57422.02339.066124.66334.998efRequired:Use the following ratio data to complete Lory Group's financial statements:Return on equity = 0.1347Total asset turnover = 0.5427Net operating margin = 0.164135Current ratio = 0.3554Acid test ratio = 0.29207Inventory turnover = 48.2942Gearing (total finance) = 0.4383

Name: Lory Group (Financial ratios)(amounts in millions):A skeleton of Lory
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Description: Lory Group (Financial ratios)(amounts in millions):A skeleton of Lory Group's financial statements (i.e., Statement of financial position andStatement of profit or loss) for the year ending on 31 December 20X9, appears as followsStatement of financi

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Lory Group (Financial ratios) A skeleton of Lory Group's financial statements (i.e., Statement of financial position and Statement of profit or loss) for the year ending on 31 December 20X9, appears as follows (amounts in millions): Statement of financial position Equity Trade payables Inventories Trade receivables Cash and cash equivalents Current assets Non-current assets Total assets Share capital Reserves Retained earnings Long-term liabilities Equity and liabilities ■ Net sales Cost of sales Administrative expenses M Interest expense Profit before taxes Income tax expense Profit for the year ■ Statement of profit or loss g h -9.533 17.566 - Acid test ratio = 0.29207 j k Required: Use the following ratio data to complete Lory Group's financial statements: Return on equity = 0.1347 " Total asset turnover = 0.5427 a 3.026 7.196 b 63.574 22.023 39.066 124.663 34.998 Net operating margin = 0.164135 Current ratio = 0.3554 d Inventory turnover = 48.2942 Gearing (total finance) = 0.4383 e f

Lory Group (Financial ratios) A skeleton of Lory Group's financial statements (i.e., Statement of financial position and Statement of profit or loss) for the year ending on 31 December 20X9, appears as follows (amounts in millions): Statement of financial position Equity Trade payables Inventories Trade receivables Cash and cash equivalents Current assets Non-current assets Total assets Share capital Reserves Retained earnings Long-term liabilities Equity and liabilities ■ Net sales Cost of sales Administrative expenses M Interest expense Profit before taxes Income tax expense Profit for the year ■ Statement of profit or loss g h -9.533 17.566 - Acid test ratio = 0.29207 j k Required: Use the following ratio data to complete Lory Group's financial statements: Return on equity = 0.1347 " Total asset turnover = 0.5427 a 3.026 7.196 b 63.574 22.023 39.066 124.663 34.998 Net operating margin = 0.164135 Current ratio = 0.3554 d Inventory turnover = 48.2942 Gearing (total finance) = 0.4383 e f

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter16: Financial Statement Analysis

Section: Chapter Questions

Problem 4PB

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