Which of the following would not improve the Current ratio ?

ABC had sales last year of $265 million, including cash sales of $25 million. If its average collection period was 36 days, its ending accounts receivable balance is closest to

Which of the following statements (in general) is correct

Debt-to-total assets (D/TA) ratio of XYZ is .4. What is its debt-to-equity (D/E) ratio

Cash 10,000
Accounts Receivable 30,000
Inventory 80,000
Prepaid Insurance 6,000
Long Term Assets 200,000
Accounts Payable 30,000
Wages Payable 5,000
Long Term Liabilities 70,000
Equity 196,000

What is the Working capital of the company

A company had Sales (all on credit) of $830,000 and Cost of Goods Sold of $525,000. At the beginning of the year its Accounts Receivable were $80,000 and its Inventory was $100,000. At the end of the year its Accounts Receivable were $86,000 and its Inventory was $110,000. What is the inventory turnover ratio for the year

What does an increasing collection period for accounts receivable suggest about a firm's credit policy

Operating Income does not include

A company XYZ has a loan of 10,000, Sales of 1,00,000, Days sales outstanding of 36.5, Accounts payable of 5,000 and a Net block of 25,000. What is its Net worth (Considering all sales are in credit)

In a balance sheet Unearned Revenue fall under ___________ and prepaid Expenses fall under____________

Cash - 500, Accounts Receivable - 200, Net Block - 100, Goodwill - 20, Accounts Payable - 100, Accrued Liabilities - 100, Long term Debt - 100, Quick ratio - 4.5.
What is the inventory value

A company PK has the following structure to their shareholders Equity. Equity at par (10 rupees each) - 1000, Retained Earnings - 900, Share premium - 100, Revaluation Reserve - 100. What is the maximum dividend that can be paid with the existing structure

A company ABC is considering to pay a stock dividend then which among the mentioned increases and decreases respectively.

A gain or loss that is unusual and infrequent is considered as

Assets are usually mentioned on the balance sheet at what price

The primary objective of the matching principle is to

Basic earnings per share is calculated as

Which of the following is not a current asset

A firm is purchased for more than fair value of its assets the excess is

As a general rule, revenue is normally recognized when it is

The company has procured Furniture worth 500 and Vehicle worth 200 on 1st April 2005.
The net block of a company is as follows (Written down value method)

31st Mar 2005
Furniture - 1000
Land - 1500
Building - 1800
Vehicle - 2000

31st Mar 2006
Furniture - 1200
Land - 1200
Building - 1620
Vehicle - 1650

If no other assets are purchased during the year what is the Net block on 31st Mar 2007

Which one of these actions might improve gross profit but increase overheads

In Which among the following circumstances may result in increase of gross profit and decrease in gross margin

A firm makes a gross profit of 550,000, and has overheads of 250,000. If the interest costs are 25,000 and a tax of 20% is payable, What is the PAT

If during the accounting period the assets increased by 5000 and the owners equity increased by 1000, then liabilities must have

A firm has a lower asset turnover ratio than the industry average, which implies

Which one of the following lists are the Current Liabilities of a company

Which is correct about Preferred Stock

What will be the operating profit and retained earnings for the company with the below mentioned information
Sales=10,000 , COGS=6,000 , SG&A=1,000 , Depreciation=500 , Interest=100, Income Tax=100 , Extraordinary Expense=300 , Dividends=100