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VillaMaria Ltd provides you the following information that has been extracted from the financial statements. Cash...
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 information has been extracted from the financial statements of Blue Hills Ltd. 2018 2017 Cash at bank $165,000 $191,000 Marketable securities 370,000 339,000 Accounts receivable 435,000 408,000 Inventory 1,000,000 1,018,000 Prepaid expenses 33,000 83,000 Plant and equipment 1,750,000 1,800,000 Accounts payable 880,000 798,500 Bills payable 53,000 48,500 Accrued expenses 6,000 4700 calculate current ratio and quick ratio of 2017 and 2018
Below are the statements of financial position of ABC Ltd for the financial year ending 31 December 2019 and 2018 together with additional information related to other events in the 31 December 2019 financial year. ABC Balance Sheet as at 31 December 2019 2019 2018 Assets Cash Accounts receivables Inventory Prepaid expenses Long-term investments Land Buildings and equipment Accumulated depreciation TOTAL ASSETS 30 000 410 000 300 000 20 000 50 000 560 000 2 000 000 -800 000 2...
Make a cash flow statement using the following information below. 2017 Income Statement Sales 989 100 479 500 Cost of goods sold Selling and administrative 218 300 Depreciation 95 500 EBIT 195 800 Interest 33 760 EBT 162 040 Taxes 84 200 Net Income 77 840 Dividends 16 800 Additions to retained earnings 61 040 Cash $ 9 500 Accounts receivable Eumeralla Ltd Balance Sheet as at 30 June 2016 $ 13 300 Accounts payable 18 900 Notes payable 13...
QUESTION 1 40 MARKS Below are the statements of financial position of PPC Ltd for the financial year ending 31 December 2019 and 2018 together with additional information related to other events in the 31 December 2019 financial year. PPC Balance Sheet as at 31 December 2019 2019 2018 Assets Cash Accounts receivables Inventory Prepaid expenses Long-term investments Land Buildings and equipment Accumulated depreciation TOTAL ASSETS 30 000 410 000 300 000 20 000 50 000 560 000 2 000...
QUESTION 1 40 MARKS Below are the statements of financial position of PPC Ltd for the financial year ending 31 December 2019 and 2018 together with additional information related to other events in the 31 December 2019 financial year. PPC Balance Sheet as at 31 December 2019 2019 2018 Assets Cash Accounts receivables Inventory Prepaid expenses Long-term investments Land Buildings and equipment Accumulated depreciation TOTAL ASSETS 30 000 410 000 300 000 20 000 50 000 560 000 2 000...
CHAPTER 8 QUESTION Use the data provided to answer the questions that follow relating to Newtech Ltd for 2017: Statement of Financial Position: Assets 2017 2016 Non-Current/Fixed 4 200 000 3 000 000 Inventory 400 000 600 000 Receivables 1 550 000 1 200 000 Cash 600 000 300 000 6 750 000 5 100 000 Equity and Liabilities Share Capital (R2 shares) 4 200 000 4 000 000 Retained Income 600 000 300 000 Long term Debt 250 000 200 000 Payables 1 700...
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...
2015 to compare 4-9. (Ratio analysis) The financial statements and industry norms are shown be for Pamplin, Inc.: a. Compute the financial ratios for Pamplin for 2014 and for 2015 to com both against the industry norms. b. How liquid is the firm? c. Areits managers generating an adequate operating profit on the firm's d. How is the firm financing its assets? e. Are its managers generating a good return on equity? INDUSTRY NORN 5.00 3.00 2.20 90.00 0.33 Current...
TXD Manufacturing Ltd. Following information has been extracted from the books of TXD Manufacturing Ltd. for the year ended 30th June 2017: Accounts Amount £ Amount £ Dr. Cr. Furniture 6250 Loose tools 640 Buildings 7500 Share Capital 12500 Bad debts 125 Provision for bad debts 200 Sundry debtor 3800 Sundry creditors 2500 Stock 01-07-2016 3460 Purchases 5475 Sales 15450 Bank overdraft 2850 Sale returns 200 Purchases returns 125 Advertising 450 Interest 118 Commission 375 Cash in hand 650 Insurance...