A2. The following data are extracted from the financial statements of Frozen Limit and Tarzan Limited...
23:38 < EA Qn BUS3006 Assignment (TM) ☺ A2. The following data are extracted from the financial statements of Fron Limited and Tarzan Limited for the year ended 31 March 2019 Tartan Limited S000 Frozen Limited S000 10100 3800 16.10 2100 13.00 4500 Closing inventory Trade receivables Total current assets Trade payables Total current liabilities Sales Cost of sales Gross profil Profit before tax 7510 6920 6 500 SO 100 12.400 4 SR900 $1,300 7,600 1.900 Frozen Limited and Tarzan...
Tailoka's summarized financial statements for the year ended 31 March 2019 are sol out below K million 4,000 (3,450) 550 (370) 40 180 Statement of Profit Or Loss Revenue (25% cash sales) Cost of sales Gross profit Operating experises Profit on disposal of plant Finance charges Profit before tax Income tax expense Profit for the period Dividend paid Retained profit for the year (20) 200 (50) 150 50 100 K'million K million 550 Statement of Financial Position Non-current assets Property,...
Style Limited (Adapted from Dyson p 245, 10.9) | 2018 £ 000 000 2017 £ 000 2017 £000 £000 000 000 1,900 1,500 420 685 Income Statement Sales (all credit) Cost of Goods Sold Opening stock Purchases (all credit) 80 100 2018 £ 000 Statement of Financial Position Fixed Assets (NBV) Current Assets Inventory 250 Trade debtors 850 Bank 1,100 Less : Current Liabilities Bank overdraft Trade creditors 995 100 1,400 1,500 200 375 1,075 Less closing stock 100 Gross...
QUESTION 5: The following information has been extracted from the financial statements of YDI Limited: Extract of Statement of Comprehensive Income for the year ended 31 December: 2019 2018 $ $ Sales 2 000 000 1 600 000 Cost of sales 940 000 800 000 Operating profit 600 000 520 000 Profit before tax 520 000 450 000 Profit after tax 364 000 315 000 Extract of Statement of Financial Position as at 31 December: Assets 2019 2018...
The following infomation has been extracted from the financial statements of Jones Led on 30/4/2019. Income Statement of Jones Ltd for the year-ending 30 April 2019 Em 587 Sales tumover Cost of goods sold Gross Profil Distribution costs Administrative COSES Operating profil Interest Profit before tax Taxation Profit after tax Dividends Retained Profit for the year Statement of Financial Position of Jones Ltd as at 30 April 2019 2018 sma Tangible non-current assets Current assets: Inventory Trade Receivables Prepaid expenses...
(101AL. 13 ) QUESTION 5 The following financial statements relate to Star Millenium Sdn. Bhd, which operates a car detailing retail business: Statement of Profit or Loss and Other Comprehensive Income For the year ended December 31 2016 and 2017 Sales revenue Cost of goods sold Gross profit Operating expenses 2016 RM'000 2,240 (1,745) 495 (252) 243 (18) 225 (61) 164 2017 RM'000 2,681 (2,272) 409 (362) (32) Finance costs Profit before tax Tax expense Profit for the year Statement...
Financial Reporting Question
QUESTION 2 You are a consultant for Glory Lad, a quoted company operating in the manufacturing sector. Following are a Statement of Profit or Lows and Statement of Financial Pain with comparatives for the year ended 31" December 2018 Statement of Profit or Less for the year ended 31 December 2018 Sales revenue Cost of sales Gross profit Interest receivable Administration expenses Operating profie Interest Profit before taxation GHS 3,095.576 1.909.08 2.402.609 1.441.950 457.100 2.712 222872 360...
4. The following are extracted from the financial statements of Park Inc., for 2019, 2018, and 2017. 2017 Net sales Cost of sales Selling and administrative expenses 2019 $233,000 (124,000) (95,000) 2018 $204,000 (110,000) (81,500) Other income: Interest Other Earnings before tax and extraordinary credit Provision for income tax Earnings before extraordinary credit Extraordinary credit (3,700) 100 $ 10,400 (4,800) 5,600 (3,050) 1,175 $ 10,625 (4,740) 5,885 1,510 $ 7,395 $ 5,600 Total assets Long-term debt Common equity Preferred stock...
Cumi Ltd. and Ciki Ltd. are both computer component manufacturers in Longford. You are provided with the following summarized information in relation to both companies. Income statements for year ended 31 March 2018 Cumi Lid. Cik Lid. AED'000 AED'000 Revenue 1.500 2000 Cost of sales 1.000 1.600 Gross profit 500 Operating expenses 150 200 Operating profit 350 200 Interest on debentures 100 50 Profit before tak 250 Tax SO Profit after tax 200 Dividends 70 Retained profits 350 30 120...
Hi I need help with this question please. Account information from the comparative financial statements of Hopkins Ltd. for the year ended December 31 appear below: 2019 2018 Accounts receivable $129,000 $48,900 Accounts payable 62,000 51,000 Accumulated Depreciation 60,000 30,000 Bonds Payable (due June 30, 2030) 200,000 200,000 Building 280,000 280,000 Cash 95,000 42,000 Common Shares 100,000 100,000 Cost of goods sold 510,000 390,000 Depreciation expense 30,000 30,000 Income tax expense 20,000 18,000 Income tax payable 4,000 3,800 Interest expense...