THE SHIPPING CORPORATION OF INDIA LTD. UNAUDITED FINANCIAL RESULTS FOR THE HALF YEAR ENDED SEPTEMBER 30, 2013 PART I SR NO PARTICULARS QUARTER ENDED 30.06.2013 30.09.2013 Unaudited Unaudited 1,03,546 91,765 1,460 4,139 637 1,709 1,05,643 97,613 NA NA NA 10,300 38,260 10,600 6,790 5,983 5,881 563 21,714 13,359 1,13,450 (7,807) 2,703 289 2,992 (4,815) 5,638 (10,453) (10,453) 1,900 1,900 (12353) (12353) 46,580 NA NA NA 12,599 32,682 8,914 5,164 5,364 7,642 151 20,477 10,731 1,03,724 (6,111) 2,709 114
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comfortable life. Financial Statements Balance Sheet | Assets | Liabilities | Current Assets | | Current Liabilities | | Cash | $3,600 | Loans | | Total Current Assets | $3,600 | Credit Card Debt | $500 | Marketable Investments | | Bonus Due in Taxes | | Securities | $24,000 | Total Current Loans | | Total Marketable Securities | $24,000 | Long Term Liabilities | | Household Assets | | Total Liabilities | $500 | Furniture | $2,000 | | | Other Assets | $3,000 | Equity
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6X4 + .999X5 Explanation X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio
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millions) a. Using the accounting equation: ($ millions) | Assets | = | Liabilities | + | Equity | Intel | $63,186 | | $13,756 | | $49,430 | b. Starting with the accounting equation at the beginning of the year: ($ millions) | Assets | = | Liabilities | + | Equity | JetBlue | $6,549 | | $5,003 | | $1,546 | Using the accounting equation at the end of the year: ($ millions) | Assets | = | Liabilities | + | Equity | JetBlue | $6,549+$44 | | $5,003-$64 | | $1
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as to the selection of each account. (Note: The chart of accounts is a blueprint of your business for the lender/investor. It should report the expected resources that you will consume in your business (assets), the sources of those resources (liabilities and equity), the sources of revenue, and expenditures that you expect to incur to earn those revenues. You may build a detailed chart that includes business units, divisions, product lines, etc.) 2. Based on the form of your business, analyze
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points Correct Radio Moscow Industries purchased supplies for $1,000. They paid $400 in cash and agreed to pay the balance in 30 days. The journal entry to record this transaction would include a debit to an asset account for $1,000, a credit to a liability account for $600. Which of the following would be the correct way to complete the recording of the transaction? Answer Selected Answer: Credit an asset account for $400. Correct Answer: Credit an asset account for $400. Question 2 3
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McDonald's Executive Summary Very few companies can claim that the last three years have been profitable. However, in the midst of an economic downturn, McDonald’s can not only make that claim, but also claim to have increased their total market share and top line. In 2004, Jim Skinner became the Chief Executive Officer of McDonald’s. Skinner has been responsible for the overall economic turnaround for McDonald’s restaurants. Skinner says that the restaurants are not necessarily recession proof
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ACTG 318 – Practice Problem Set 3 1. Jack Lambert Inc. has contracted with you to prepare a statement of cash flows. The controller has provided the following information: 12/31/07 12/31/06 Cash $25,500 $13,000 Accounts Receivable 9,250 5,500 Inventory 12,000 9,000 Prepaid Insurance 0 3,000 Investment in Art (Picasso Paintings) 10,000 0 Building 0 29,750 Accumulated Depreciation
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a business is worth.’ Do you agree with this statement? Discuss. I believe this statement to be partially correct. The reason being is that the statement of financial position give an overall summary of all of the businesses assets against its liabilities and this gives an indication of the amount of Equity in the business. This however does not completely equate to the overall value of a business. Employees, facilities provided etc are all other contributors that cannot be valued and are not included
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a net deposit drain of $15 million. Assets Liabilities and Equity Cash $10 Deposits $68 Loans 50 Equity 7 Securities 15 Total Assets $75 Total Liabilities & Equity $75 Show the DI's balance sheet if the following conditions occur. a. The DI purchases liabilities to offset this expected drain. If the DI purchases liabilities, then the new balance sheet is: Cash $10 Deposits $53 Loans 50 Purchased liabilities 15 Securities 15 Equity 7
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