Share:

Dear Students! Please share your Assignment files as you recieve in your lms so it can be discussed/solved timely. Share assignments files by click on UPLOAD button.

[Solved] FIN621 Assignment 1 Solution & Discussion Fall 2019  

  RSS

admin
(@admin)
Admin
Joined: 1 year ago
Posts: 1361
21/11/2019 10:56 am  

FIN621 FINANCIAL STATEMENT ANALYSIS Assignment 1 Solution & Discussion Fall 2019


SEMESTER FALL 2019

FINANCIAL STATEMENT ANALYSIS (FIN621)
ASSIGNMENT NO. 01

DUE DATE: 27TH NOV, 2019

MARKS: 10

 

Learning Outcomes

After going through this assignment, the students should be able to:

ü Critically evaluate the elements of balance sheet.

 

Assignment

Below given is the Balance Sheet of Haider Mills Ltd. The company is involved in the business of Textile and Weaving and is operating as a public limited company since year 2010. 

 

Requirement

Critically evaluate the Balance Sheet of Haider Mills Ltd and specify your criticism on the items of Balance Sheet which are incorrectly recorded and explain their proper treatment.

 

For example; 

 Land and building are disclosed net value Rs. 270,000 which is incorrect. The Accumulated depreciation of land and building should be disclosed too.

 

Haider Textile Limited

Balance Sheet

For the year ended June 30, 2019

 

Assets

 

Current Assets:

Cash 

70,000

Marketable Securities

27,000

Accounts Receivables, net

50,000

Inventory

35,000

Treasury Stock

17,000

Total Current Assets

199,000

Plant Assets:

Land and Building, net

270,000

Investments:

Short Term Notes

24,000

Other Assets:

Supplies

7000

Total Assets

500,000

Liabilities & Stockholders' Equity

 

Current Liabilities:

Bonds Payable

137,000

Accounts Payable

48,000

Wages Payable

15,000

Total Liabilities

195,000

Stockholders' Equity

Common Stock (Rs, 20 par, 20,000 shares authorized, 10,000 shares outstanding

200,000

Retained Earnings

70,000

Redeemable Preferred Stock

30,000

Total Stockholders' Equity

300,000

Total Liabilities and Stockholders' Equity

 500,000

 

IMPORTANT:

24 hours extra / grace period after the due date is usually available to overcome uploading difficulties. This extra time should only be used to meet the emergencies and above mentioned due dates should always be treated as final to avoid any inconvenience.

 

OTHER IMPORTANT INSTRUCTIONS:

DEADLINE:

  • Make sure to upload the solution file before the due date on VULMS.
  • Any submission made via email after the due date will not be accepted.

 

FORMATTING GUIDELINES:

  • Use the font style “Times New Roman” or “Arial” and font size “12”.
  • It is advised to compose your document in MS-Word format.
  • You may also compose your assignment in Open Office format.
  • Use black and blue font colors only.

 

RULES FOR MARKING

Please note that your assignment will not be graded or graded as Zero (0), if:

  • It is submitted after the due date.
  • The file you uploaded does not open or is corrupt.
  • It is in any format other than MS-Word or Open Office; e.g. Excel, PowerPoint, PDF etc.
  • It is cheated or copied from other students, internet, books, journals etc. Note related to load shedding: Please be proactive

 

Dear students!

As you know that semester activities have started and load shedding problem is also prevailing in our country. Keeping in view the fact, you all are advised to post your activities as early as possible without waiting for the due date. For your convenience; activity schedule has already been uploaded on VULMS for the current semester, therefore no excuse will be entertained after due date of assignments or GDBs.

How is this website, please share your feedback through this link: https://forms.gle/mZ5rsd995RxU2gEZ7


Quote
admin
(@admin)
Admin
Joined: 1 year ago
Posts: 1361
21/11/2019 10:58 am  

FIN621 FINANCIAL STATEMENT ANALYSIS Assignment 1 Solution & Discussion Fall 2019


 

Students having same subject can start discussion here to Solve assignment quiz and can clear their concepts until solution is provided. 🖐️

How is this website, please share your feedback through this link: https://forms.gle/mZ5rsd995RxU2gEZ7


ReplyQuote
admin
(@admin)
Admin
Joined: 1 year ago
Posts: 1361
28/11/2019 1:22 am  

FIN621 FINANCIAL STATEMENT ANALYSIS Assignment 1 Solution & Discussion Fall 2019


 

Download attachment for solution idea file.

How is this website, please share your feedback through this link: https://forms.gle/mZ5rsd995RxU2gEZ7


ReplyQuote
Share:

Please Login or Register