Moneague Wholesale Ltd. Statement of Financial Position as at Dec. 31, 2019 Assets $000 $1000 Net Fixed Assets 800 Current Assets Inventories 1000 Accounts Receivable 600 Cash and Securities 100 1700 Total Assets 2500 Equity and Liabilities Common Equity 1100 Non-Current Liabilities Long term debt (12%) 600 Current Liabilities Accounts Payable and Accruals 300 Note Payable (8%) 500 800 2500 Moneague Wholesale Ltd. Income Statement for the year ended Dec. 31, 2019 $000 $1000 Sales $ 5000 Less Cost of Sales (3700) Gross Profit 1300 Less Operating Expenses (1000) 300 Profit before Interest and Taxes Interest (112) Profit before taxes 188 Taxes (40%) 75 Profit after tax 113 Dividend 33 Retained Profit 80 Calculate: i. Working capital ii. Inventory Conversions period iii. Receivable Collection Period iv. Payable Deferral Period v. Cash Conversion Cycle
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A. Moneague Wholesale Ltd. Assets $000 $1000 Net Fixed Assets 800 Current Assets Inventories 1000 Cash and Securities 100 1700 Total Assets 2500 Equity and Liabilities Common Equity 1100 Non-Current Liabilities Long term debt (12%) 600 Current Liabilities Accounts Payable and Accruals 300 Note Payable (8%) 500 800 2500
Moneague Wholesale Ltd. Income Statement for the year ended Dec. 31, 2019 $000 $1000 Sales $ 5000 Less Cost of Sales (3700) Gross Profit 1300 Less Operating Expenses (1000) 300 Profit before Interest and Taxes Interest (112) Profit before taxes 188 Taxes (40%) 75 Profit after tax 113 Dividend 33 Retained Profit 80 Calculate: i. ii. Inventory Conversions period iii. Receivable Collection Period iv. Payable Deferral Period v. Cash Conversion Cycle |
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