You are required to calculate:1. Liquidity ratios 2. Solvency rations 3. Profitability ratios For the selected companies and shortly write your comments and findings. Aramex PJSC and its subsidiariesCONSOLIDATED STATEMENT OF FINANCIAL POSITIONAt 31 December 20172017AED'0002016NotesAED'000(Restated)ASSETSNon-current assetsProperty, plant and equipmentGoodwill4911,6331,164,088226,254144,12141,7663,2671,640840,2721,139,063226,558135,78926,0663,2822,8845Other intangible assetsInvestments in joint ventures and associatesAvailable for sale financial assetsDeferred tax assetsOther non-current assets9, 1011122,492,7692,373,914Current assetsAccounts receivable, netOther current assetsBank balances and cash1314934,166249,542727,649741,688212,122701,296151,911,3571,655,106TOTAL ASSETS4,404,1264,029,020EQUITY AND LIABILITIESEquityShare capitalStatutory reserveForeign currency translation reserveReserve arising from acquisition of non-controlling interestsRetained earnings16171,464,100269,181(302,912)(43,584)1,113,3131,464,100227,198(350,627)(33,037)957,783171718Equity attributable to equity holders of the ParentNon-controlling interests2,500,09818,9642,265,4179,085Total equity2,519,0622,274,502LIABILITIESNon-current liabilitiesInterest-bearing loans and borrowingsEmployees' end of service benefitsEmployees' benefit liabilityDeferred tax liabilities19293,331140,55329,87553,556361,762138,79774,98857,10312517,315632,650Current liabilitiesAccounts payableBank overdraftsInterest-bearing loans and borrowingsOther current liabilities280,60897,602220,24021232,35857,453211,881620,176221923769,2991,367,7491,121,868Total liabilities1,885,0641,754,518TOTAL EQUITY AND LIABILITIES4,404,1264,029,020 Aramex PJSC and its subsidiariesCONSOLIDATED INCOME STATEMENTFor the year ended 31 December 201720172016NotesAED'000AED'000Continuing operationsRendering of services254,721,3874,343,158Cost of services26(2,165,682)(1,911,165)Gross profit2,555,7052,431,993Share of results of joint ventures and associates9, 10(4,473)(1,363)Selling and marketing expenses(208,212)(204,237)Administrative expenses27(973,085)(940,317)Operating expenses28(823,058)(826,412)Gain on bargain purchase341,568Other income, net296,61820,217Operating profit553,495521,449Finance income7,93711,485Finance expense(24,700)(27,211)Profit before tax from continuing operations536,732505,723Income tax expense12(81,351)(60,926)Profit for the year from continuing operations455,381444,797Discontinued operationsProfit after tax for the year from discontinued operations8.7,377Profit for the year455,381452,174Attributable to:Equity holders of the ParentProfit for the year from continuing operationsProfit for the year from discontinued operations419,2187,377435,399435,399426,595Non-controlling interestsProfit for the year from continuing operations19,98225,579455,381452,174Earnings per share attributable to the equity holdersof the Parent:31AED 0.297AED 0.286Basic and diluted earnings per share from continuing operationsBasic and diluted earnings per share from discontinued operationsAED 0.000AED 0.005

1. Liquidity ratios: Current ratio (CR) is the division of current assets (CA) by current…

Answered: You are required to calculate: 1.…

You are required to calculate: 1. Liquidity ratios 2. Solvency rations 3. Profitability ratios For the selected companies and shortly write your comments and findings.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Swifty Corporation’s comparative balance sheets are presented below. SWIFTY CORPORATIONBalance SheetsDecember 3120222021Cash$12,500 $6,100 Accounts receivable18,400 26,600 Inventory13,200 10,200 Land34,200 30,200 Building76,200 76,200 Accumulated depreciation(17,200) (14,200)Total137,300 135,100 Accounts payable19,500 33,300 Common stock ($5 par)74,500 74,500 Retained earnings43,300 27,300 Total137,300 135,100 Swifty’s 2022 income statement included net sales of $122,000, cost of goods sold of $82,000, and net income of $31,000. Compute the following ratios for 2022. (Round Debt to total assets ratio to 1 decimal place, e.g 1.8 and all percentage and days answers to 0 decimal places, e.g 18 or 25% and all other answers to 2 decimal places, e.g. 1.83) (i)Earnings per share$enter a dollar amount rounded to 2 decimal places (j)Payout ratioenter percentages rounded to 0 decimal…
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