Question 1 a( iv,v,vi) Question 1 b Scanned with CamScannerScanned with CamScannerBalance Sheets as at 31 DecemberNon current asseCurrent assetsess depreciationAccounts recoTotal assetsAccounts pavableoan hotesNet awetseentory at 1 January 2018 was E50,000.Required:2018 and 2019Cn Net promt capons for and signiof any changes in the ratios shown by your calatonScanned with CamScannergiven below.Income Statements for the years ending 31 December20182019£00£000£000E000SalesLess Cost of salesGross profit200(150)50280(210)70LessAdministration expenses3846Loan note interest4(50)(38)12Net profit20

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la & Scanned with CamScanner Balance Sheets as at 31 December 2018 E000 2019 L000 current assets at cost less depreciation ent assets ntory unts receivable 110 20 25 DE 155 assets ent liabilities unts payable zurrent liabilities pan notes liabilities (25) 130 ssets 100 ary share capital med profits equity 30 130 tory at 1 January 2018 was E50,000. te the following ratios for 2018 and 2019: pss profit: Sales rentory turnover profit: Sales given below. Income Statements for the years ending 31 December 2018 2019 £000 £00 Sales Less Cost of sales Gross profit Less Administration expenses Loan note interest (38) 12 (50) Net profit 20

la & Scanned with CamScanner Balance Sheets as at 31 December 2018 E000 2019 L000 current assets at cost less depreciation ent assets ntory unts receivable 110 20 25 DE 155 assets ent liabilities unts payable zurrent liabilities pan notes liabilities (25) 130 ssets 100 ary share capital med profits equity 30 130 tory at 1 January 2018 was E50,000. te the following ratios for 2018 and 2019: pss profit: Sales rentory turnover profit: Sales given below. Income Statements for the years ending 31 December 2018 2019 £000 £00 Sales Less Cost of sales Gross profit Less Administration expenses Loan note interest (38) 12 (50) Net profit 20

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 90PSB

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