SCRUMPTIOUS CUPCAKES Profit and loss account for the year ended 30 April 2020 2020 £ Sales Sales 220,000 Cost of sales 120,000 Gross Profit 100,000 Expenses Salaries 24,000 Other Fixed cost 4,800 Distribution 3,000 Advertising 4,500 Rent 13,200 AH Utilities 3,600 Other Cost 4,000 57,100 Operating Profit 42,900 SCRUMPTIOUS CUPCAKES Balance Sheet as at 30 April 2020 2020 £ Fixed assets Intangible assets - Tangible assets 35,000 Investments - 35,000 Current assets Stocks 3,000 Debtors 10,000 Cash at bank and in hand 6,300 19,300 Written Reports Creditors: amounts falling due within one year (11,300) Net Current Assets 8,000 Total assets less current liabilities 43,000 Net Assets 43,000 Capital and reserves Called up share capital 100 Profit and loss account 42,900 Shareholders' funds 43,000 please calculate the folliwing ratios: Profitability Ratios – Gross Profit Margin, Net Profit Margin and ROCE ● Liquidity – Current Test and Acid Test ● Gearing ● Activity/Performance – Stock Turnover, Debtors’ Collection Period and Asset Turnover please send the answers within 30 mins its urgent
SCRUMPTIOUS CUPCAKES
for the year ended 30 April 2020
2020
£
Sales
Sales 220,000
Cost of sales 120,000
Gross Profit 100,000
Expenses
Salaries 24,000
Other Fixed cost 4,800
Distribution 3,000
Advertising 4,500
Rent 13,200
AH
Utilities 3,600
Other Cost 4,000
57,100
Operating Profit 42,900
SCRUMPTIOUS CUPCAKES
Balance Sheet
as at 30 April 2020
2020
£
Fixed assets
Intangible assets -
Tangible assets 35,000
Investments -
35,000
Current assets
Stocks 3,000
Debtors 10,000
Cash at bank and in hand 6,300
19,300
Written Reports
Creditors: amounts falling due
within one year (11,300)
Net Current Assets 8,000
Total assets less current
liabilities 43,000
Net Assets 43,000
Capital and reserves
Called up share capital 100
Profit and loss account 42,900
Shareholders' funds 43,000
please calculate the folliwing ratios:
Profitability Ratios – Gross Profit Margin, Net Profit Margin and ROCE
● Liquidity – Current Test and Acid Test
● Gearing
● Activity/Performance – Stock Turnover, Debtors’ Collection Period and Asset
Turnover
please send the answers within 30 mins its urgent
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