Exam 17: Financial Reporting: Segment Reporting and Highlights Statements

A business reports the following in its financial statements: Revenues $1 800 Preference Dividend 400 Expenses 600 Assets 1 900 Liabilities 1 100 What is the times dividends earned ratio?

Explain and illustrate,with simple examples,both the usefulness and any possible dangers in using the: rate-of-returnon total assets ratio rate-of-returnon equity ratio times dividends earned ratio Why are these described as 'efficiency ratios'?

Which of the following is not a quantitative threshold for reporting segment information?

AASB 8 'Operating Segments' requires entities to report:

A company reports the following in relation to the year ended 30/6/2012: $\text { Number of ordinary shares issued at 1/7/2011 } \quad\quad10000$ Number of preference shares issued $\text { \{paying an annual dividend of } \$ 2.00 \text { pershare\} }\quad\quad800$ On 31/3/2012 a further 1000 ordinary shares were issued. $\text { Net profit from ordinary activities, after income tax } \quad\quad\quad\$ 20000$ The company's basic earnings per share figure (to the nearest tenth of a cent)is: