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5 MID-SEMESTER (PART TWO) (a) From YOUR COPY of the Profit or Loss Statement and the...
5 MID-SEMESTER (PART TWO) (a) From YOUR COPY of the Profit or Loss Statement and the...
5 MID-SEMESTER (PART TWO) (a) From YOUR COPY of the Profit or Loss Statement and the Statement of Financial Position of Glory Company for the year ended 2019, calculate the following ratios: (i) Net Profit Margin; Current Ratio; (iii) Acid Test Ratio; (iv) Debtors Collection Period (in days); (v) Creditors Payment Period (in days); and (vi) Inventory (Stock) Turnover. I (b) In the table labelled "TABLE A™ below, ratios of Praise Company for the same period, have been provided. Put...
The comparative statements of Enchanted Ltd are presented here. ENCHANTED LTD Statement of profit or loss...
The comparative statements of Enchanted Ltd are
presented here.
ENCHANTED LTD
Statement of profit or loss
for the years ended 30 June
2019
2020
Net sales
$1340000
$1180000
Cost of sales
656600
542800
Gross profit
683400
637200
Selling and administrative expense
300696
439668
Finance costs
27336
57348
Profit before income tax
355368
140184
Income tax expense
95949
35046
Profit for the period
$259419
$105138
ENCHANTED LTD
Statement of financial position
as at 30 June
Assets
2019
2020
Current assets
Cash...
Style Limited (Adapted from Dyson p 245, 10.9) | 2018 £ 000 000 2017 £ 000...
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...
CASE 4 Statement of profit or loss for the year ended June 2018 Sales Cost of...
CASE 4 Statement of profit or loss for the year ended June 2018 Sales Cost of sales Gross profit Selling and distribution expenses Administrative expenses Finance expenses RM'000 100,000 64,000 36,000 1,000 1,000 500 2,500 31,000 Taxes Net profit after tax Statement of profit and loss for the year ended December 2018 RM'000 32,000 Non-current assets Property, Plant and Equipment Current assets Cash Account receivables Inventory Total current assets Total assets 20,100 13,900 30,200 64,200 96,200 9,000 Non-current liabilities 8%...
Comment on: a) the company's performance for the year to 30 June 2018 b) the limitations...
Comment on:
a) the company's performance for the year to 30 June 2018
b) the limitations of ratio analysis
Style Limited (Adapted from Dyson p 245, 10.9) 2018 £ 000 2017 £ 000 2017 000 000 000 000 000 1,900 1,500 420 685 Income Statement Sales (all credit) Cost of Goods Sold Opening stock Purchases (all credit) 80 2018 £ 000 Statement of Financial Position Fixed Assets (NBV) Current Assets Inventory 250 Trade debtors Bank 1,100 Less: Current Liabilities Bank...
Question 5: a. Calculate (i) debt-equity ratio and (ii) Liquid ratio iii) Turnover ratios from the...
Question 5:
a. Calculate (i) debt-equity ratio and (ii) Liquid ratio iii)
Turnover ratios from the following balance sheet and additional
information.
Balance Sheet
Liabilities Amount - £ Assets Amount - £
Equity shares of £ 10 each 100,000 Goodwill 60,000
Reserves 20,000 Fixed Assets at cost 140,000
Profit and loss account 30,000 Stock 30,000
Secured loan 80,000 Sundry debtors 30,000
Sundry Creditors 50,000 Advances 10,000
Provision for taxation 20,000 Cash 30,000
300,000 300,000
The sales for the year were...
Financial Indicators/Ratios 2018 2017 Current ratio ? 2.92 : 1 Acid test ratio ? 1.28 :...
Financial Indicators/Ratios 2018 2017 Current ratio ? 2.92 : 1 Acid test ratio ? 1.28 : 1 Debtors collection period ? 16 days Creditors payment period ? 27 days Inventory turnover rate ? 24 times/year Gross profit percentage ? 35% Net profit percentage ? 10,29% Return on equity ? 210,53% Debt equity ratio ? 0.74 Catwalksale (Pty) Ltd Extract from the statement of profit or loss and other comprehensive income for the year ending 31 December 2018: 2018 2017 Revenue...
Kindly, correct me if I am wrong. Income statement (represents profitability in period of time) Sales...
Kindly, correct me if I am
wrong.
Income statement (represents profitability in period of time) Sales (Revenue) Total sales Cost of goods sold (COGS) Gross profit SALES - COGS Depreciation (operational cost) (x) Selling & admin expenses (operational cost) Operating profit (net income) Gross profit - (X+Y) Interest expenses (interest) Earnings before Taxes Operating profit - interest Taxes (TAX) Earnings after Taxes EBT-TAX Ration Analysis Liquidity Ratio: ► Ability to meet short term immediate obligations ► Current Ratio (C.R) =...
Financial Math
On 1 October 2019 Manny Kyoor and his wife formed a limited company. Kyoor Ltd, to run a beautician’s business and each paid in $37500 as share capital. The bank loaned the company a further $80000 at 9% interest per annum.At 30 September 2020 the business’s final accounts were drawn up as follows.Trading and Profit and Loss Accounts for the yearEnded 30 September 2020 Sales and fees $350000Less; Cost of sales Stock bought on 1 October 2019 $ 31500Purchases 280000 ...
1. Pick two publicly traded companies in the same industry. 2. Calculate the ratios from your...
1. Pick two publicly
traded companies in the same industry.
2. Calculate the
ratios from your textbook or any other ratios you deem necessary
for each company for two years. Some examples are working capital,
current ratio, current cash debt coverage ratio, inventory turnover
ratio, days in inventory, receivables turnover ratio, average
collection period, debt to asset ratio, cash debt coverage ratio,
times interest earned ratio, free cash flow, earnings per share,
price earnings ratio, gross profit rate, profit margin...
5 MID-SEMESTER (PART TWO) (a) From YOUR COPY of the Profit or Loss Statement and the Statement of Financial Position of Glory Company for the year ended 2019, calculate the following ratios: (i) Net Profit Margin; Current Ratio; (iii) Acid Test Ratio; (iv) Debtors Collection Period (in days); (v) Creditors Payment Period (in days); and (vi) Inventory (Stock) Turnover. I (b) In the table labelled "TABLE A™ below, ratios of Praise Company for the same period, have been provided. Put...
The comparative statements of Enchanted Ltd are
presented here.
ENCHANTED LTD
Statement of profit or loss
for the years ended 30 June
2019
2020
Net sales
$1340000
$1180000
Cost of sales
656600
542800
Gross profit
683400
637200
Selling and administrative expense
300696
439668
Finance costs
27336
57348
Profit before income tax
355368
140184
Income tax expense
95949
35046
Profit for the period
$259419
$105138
ENCHANTED LTD
Statement of financial position
as at 30 June
Assets
2019
2020
Current assets
Cash...
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...
CASE 4 Statement of profit or loss for the year ended June 2018 Sales Cost of sales Gross profit Selling and distribution expenses Administrative expenses Finance expenses RM'000 100,000 64,000 36,000 1,000 1,000 500 2,500 31,000 Taxes Net profit after tax Statement of profit and loss for the year ended December 2018 RM'000 32,000 Non-current assets Property, Plant and Equipment Current assets Cash Account receivables Inventory Total current assets Total assets 20,100 13,900 30,200 64,200 96,200 9,000 Non-current liabilities 8%...
Comment on:
a) the company's performance for the year to 30 June 2018
b) the limitations of ratio analysis
Style Limited (Adapted from Dyson p 245, 10.9) 2018 £ 000 2017 £ 000 2017 000 000 000 000 000 1,900 1,500 420 685 Income Statement Sales (all credit) Cost of Goods Sold Opening stock Purchases (all credit) 80 2018 £ 000 Statement of Financial Position Fixed Assets (NBV) Current Assets Inventory 250 Trade debtors Bank 1,100 Less: Current Liabilities Bank...
Question 5:
a. Calculate (i) debt-equity ratio and (ii) Liquid ratio iii)
Turnover ratios from the following balance sheet and additional
information.
Balance Sheet
Liabilities Amount - £ Assets Amount - £
Equity shares of £ 10 each 100,000 Goodwill 60,000
Reserves 20,000 Fixed Assets at cost 140,000
Profit and loss account 30,000 Stock 30,000
Secured loan 80,000 Sundry debtors 30,000
Sundry Creditors 50,000 Advances 10,000
Provision for taxation 20,000 Cash 30,000
300,000 300,000
The sales for the year were...
Kindly, correct me if I am
wrong.
Income statement (represents profitability in period of time) Sales (Revenue) Total sales Cost of goods sold (COGS) Gross profit SALES - COGS Depreciation (operational cost) (x) Selling & admin expenses (operational cost) Operating profit (net income) Gross profit - (X+Y) Interest expenses (interest) Earnings before Taxes Operating profit - interest Taxes (TAX) Earnings after Taxes EBT-TAX Ration Analysis Liquidity Ratio: ► Ability to meet short term immediate obligations ► Current Ratio (C.R) =...
1. Pick two publicly
traded companies in the same industry.
2. Calculate the
ratios from your textbook or any other ratios you deem necessary
for each company for two years. Some examples are working capital,
current ratio, current cash debt coverage ratio, inventory turnover
ratio, days in inventory, receivables turnover ratio, average
collection period, debt to asset ratio, cash debt coverage ratio,
times interest earned ratio, free cash flow, earnings per share,
price earnings ratio, gross profit rate, profit margin...
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