requiredusing percentage of sales method, prepare 2019 proforma financial statement and determine external financing needed? -(e) XYZ Ltd. had the following financial statements for the year ended 2018.XYZ Ltd.Statement of Financial PositionAs at 31" Dec. 2018Sh. 'm'AssetsCesh and marketable securitiesIn atories -2400 --- 0le Recasraboles24005000500010,000200Tot:1 Current AssetsNet Fixed AssetsTet l AssetsPage 1 of 4 Sh.'m'Liabilities and EquityAccount payableNotee pavable1,000100Total current liabilitiesLong term liabilitiesCommon StockRetained EarningsTotal Liabilities & Equity2.0001,0005,0002,00010.000XYZ Ltd.Income Statement for the year ended 31" Dcc. 2018Sh.'m'SalesLess: Cost of sales (60%)Selling & Adm. ExpensesEBIT20,000(12,000)(7,000)1,000Less: Interest100EBT900Less tax (40%)360EAT540216324Less Common DividendRetained EarningsThe following additional information is also provided:i)ii)The company operated at full capacity in 2018.Each type of asset grows proportionally with sales.Payables grow proportionally with sales.2018 profit margin and dividend payout ratio will be maintained in 2019.iii)iv)Sales are cxpected to increase by Sh. 5,000 million in 2019.

The question is related to performa financial PerStatement for the year ended 31st December 2019.…

(c) XYZ Ltd. had the following financial statements for the year ended 2018. XYZ Ltd. Statement of Financial Position As at 31" Dec. 2018 Sh. 'm Assets Cesh and marketable securities In vatories- 2400 - ele Recarabbles 2400 5000 5000 10,000 200 Tot:1 Current Assets Net Fixed Assets Tetel Assets Page 1 of 4

(c) XYZ Ltd. had the following financial statements for the year ended 2018. XYZ Ltd. Statement of Financial Position As at 31" Dec. 2018 Sh. 'm Assets Cesh and marketable securities In vatories- 2400 - ele Recarabbles 2400 5000 5000 10,000 200 Tot:1 Current Assets Net Fixed Assets Tetel Assets Page 1 of 4

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.4.10P: Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of...

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