Question
In: Accounting
SA ONE Limited Extract of Statement of Financial Position as at 31 December 2018 and 2019...
SA ONE Limited
|
Extract of Statement of Financial Position as at 31 December 2018 and 2019 |
|||
|
$ |
$ |
||
|
Total assets |
830,000 |
820,000 |
|
|
Total liabilities |
650,200 |
661,500 |
|
|
Share capital - ordinary (5,000 shares, $2) |
10,000 |
10,000 |
|
|
Share capital - preference (3,000 shares, $1, 20%) |
3,000 |
3,000 |
|
|
Retained earnings |
166,800 |
145,500 |
|
|
179,800 |
158,500 |
||
A net income of $30,000 was reported in 2019 (2018:
$23,000).
Cash dividends attributable to 2018 and 2019 were declared and paid
to both the preference shareholders and the ordinary shareholders
before the end of each respective year. Total dividends were $8,700
in 2019 (2018: $7,500).
Each ordinary share of the company was currently traded at $180 in
the stock market.
Required:
(a) Calculate below in 2019:
(i) Return on equity.
(ii) Return on common equity.
(iii) Dividend payout rate.
(iv) Book value per preference share as at 31 December 2019.
(v) Book value per ordinary share as at 31 December 2019.
(b) Comment on the difference between the market price and the book
value per ordinary share.
Solutions
ekkarill92 answered 1 year agoRelated Solutions
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ASTRO Inc. Statement of Financial Position December 31, 2018 Assets
ASTRO Inc.
Statement of Financial Position
December 31, 2018
Assets
Liabilities
Cash
$259,000
Notes Payable 8%
$60,000
Inventory
$6,000
Accounts
Payable
$40,000
Prepaid
Insurance
$3,000
Total
$100,000
Supplies
$4,000
Common Stock $5 par $140,000
Land
$6,000
Excess of
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$60,000
Building
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Acc. Depr. ( $40,000)
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Total Liabilities &
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You are asked to prepare, in good financial form, a set...
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ASTRO Inc.
Statement of Financial Position
December 31, 2018
Assets
Liabilities
Cash
$259,000
Notes Payable 8%
$60,000
Inventory
$6,000
Accounts
Payable
$40,000
Prepaid
Insurance
$3,000
Total
$100,000
Supplies
$4,000
Common Stock $5 par $140,000
Land
$6,000
Excess of
par
$60,000
Building
$480,000
Retained
earnings
$418,000
Acc. Depr. ( $40,000)
$440,000
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$618,000
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2018
2019
Cash
$ 104,000
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Accounts Receivable
183,350
100,000
Inventory
250,000
210,000
Prepaid Expenses
80,000
120,000
Equipment (Net)
584,650
800,000
Total Assets
$ 1,202,000
$ 1,353,250
Accounts Payable
$ 220,000
$ 180,000
Salary Payable
94,000
56,250
Interest Payable
20,000
37,000
Bonds Payable
320,000
300,000
Common Shares
370,000
580,000
Retained Earnings...
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Consolidated Statement of Financial Position For the year ended 30 September 2019 2019 2019 2018 2018...
Consolidated Statement of Financial Position For the
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2019 2019 2018 2018
ASSETS Note ZMW’000s USD’000s ZMW’000s USD’000s
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Goodwill 13 166,801 12,636 166,801 13,628
Property, plant and equipment 14 2,841,824 215,290 2,902,221
237,110
Investment in associate 15(e) 12,376 938 15,412 1,259
Deferred tax asset 10(e) 56,525 4,282 47,854 3,910
3,077,526 233,146 3,132,288 255,907
Current assets
Biological assets 16 170,417 12,910 181,674 14,843
Inventories 17 941,159 71,300 639,811 52,272
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Dream Limited Statement of Financial Position as at 31 December: 2015 2014 $’000 $’000 Assets: Land...
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Statement of Financial Position as at 31
December:
2015
2014
$’000
$’000
Assets:
Land
350
200
PPE
950
510
Accumulated depreciation
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(240)
570
270
Cash at bank
20
-
Inventories
110
200
Accounts receivable
200
180
Total
1,250
850
Liabilities:
Accounts payable
160
210
Bank overdraft
0
20
Salary payable
40
20
Tax payable
80
60
Dividends Payable
50
30
8% debenture
160
180
Total
490
520
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190
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The following section is taken from Privy Ltd’s statement of financial position at 31 December 2018....
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Ayayai House Inc. had the following condensed statement of financial position at December 31, 2019: AYAYAI...
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December 31, 2019
Cash
$10,850
Current liabilities
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Current assets (non-cash)
34,350
Long–term notes payable
30,850
Bond investment at amortized cost
40,850
Bonds payable
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Plant assets (net)
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Common shares
80,850
Land
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$182,900
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