Question:
Practical exercises assess students’ ability to apply theoretical learning to practical, real world situations.The assignment information will require students to analyse data and to prepare a written report based on their analysis of that data.
You are required to form a group of three. In case you can’t find a partner to form a group the task can be done by an individual.Before you start the assignment, you must email (
[email protected]) to your lecturer the following informationStudent ID, name, email address and mobile phone number of the group members Upon receipt of your email you will get a reply from you lecturer confirming which Assignment Practice Set you will use to complete the assignment.
Ratio analysis report: Calculate the following ratios and summarise your analysis in a report of 500 words. You must show the calculation of the ratios. (Hints: you may need some information from the Balance Sheet of 2015 that is provided below.)
a) Current ratio
b) Asset turnover ratio
c) Return on assets
d) Debt to equity ratio
e) Debt ratio
f) Equity ratio
You must use the PIA assignment cover page.The assessment need to be submitted online through PIA Moodle by due date.
Answer:
| Journal Entries |
| Date |
Debit |
| 01-06-2016 |
$ 15,000.00 |
| 05-06-2016 |
$ 500.00 |
| 06-06-2016 |
$ 400.00 |
| 08-06-2016 |
$ 2,000.00 |
| 09-06-2016 |
$ 500.00 |
| 10-06-2016 |
$ 3,400.00 |
| 11-06-2016 |
$ 1,500.00 |
| 15-06-2016 |
$ 65.00 |
| 16-06-2016 |
$ 231.00 |
| 20-06-2016 |
$ 400.00 |
| 23-06-2016 |
$ 250.00 |
| 24-06-2016 |
$ 4,800.00 |
| 26-06-2016 |
$ 1,500.00 |
| 28-06-2016 |
$ 3,400.00 |
| 30-06-2016 |
$ 200.00 |
| 30-06-2016 |
$ 300.00 |
| Date |
Amount |
| 01-06-2016 |
$ 24,000.00 |
| 01-06-2016 |
$ 15,000.00 |
| 05-06-2016 |
$ 500.00 |
| 08-06-2016 |
$ 2,000.00 |
| 23-06-2016 |
$ 250.00 |
| Date |
Amount |
| 01-06-2016 |
$ 8,000.00 |
| 04-06-2016 |
$ 1,200.00 |
| Date |
Amount |
| 01-06-2016 |
$ 5,000.00 |
| 10-06-2016 |
$ 3,400.00 |
| Date |
Amount |
| 28-06-2016 |
$ 3,400.00 |
| 30-06-2016 |
$ 4,200.00 |
| Date |
Amount |
| 30-06-2016 |
$ 37,812.00 |
| Date |
Amount |
| 01-06-2016 |
$ 121.00 |
| 15-06-2016 |
$ 65.00 |
| Date |
Amount |
| 01-06-2016 |
$ 2,541.00 |
| 16-06-2016 |
$ 231.00 |
| Date |
Amount |
| 01-06-2016 |
$ 4,400.00 |
| 06-06-2016 |
$ 400.00 |
| 20-06-2016 |
$ 400.00 |
| Particulars |
Credit |
| Accumulated depreciation of Computer |
$ 2,170.00 |
| Accumulated depreciation of Furniture |
$ 1,630.00 |
| Accounts Payable |
$ 4,200.00 |
| Capital |
$ 47,000.00 |
| Consulting fees |
$ 37,812.00 |
| Total |
$ 92,812.00 |
| Assets |
Amount |
| Total Current Assets |
$ 42,854.00 |
| Net Computer |
$ 7,030.00 |
| Net Furniture |
$ 6,770.00 |
| Total Fixed Assets |
$ 13,800.00 |
| Total Assets |
$ 56,654.00 |
| Total Liability |
$ 4,200.00 |
| Net Assets |
$ 52,454.00 |
| Total Equity |
$ 52,454.00 |
