Turnover Cost of sales Stocks Bank Trade creditors Accruals Gross profit Gross profit Margin % Distribution costs Admin expenses Debtors Net current assets Operating profit Interest Net Profit Net Profit Margin % Plant and machinery Ordinary shares of Ghs1 Retained profit 10% debenture Current assets Current liabilities Equity ABC Ltd Ghs '000 A BU C DE F G H I XYZ Ltd Ghs '000 8,030 4,818 J 1,800 40 100 1,606 600 1,006 200 4,000 900 3,120 O 2,000 1,100 P K L M N 7,300 1.392 238 370 120 42% 1,320 480 800 1,266 200 3,960 900 2,000 2,430 3.500

Turnover Cost of sales Stocks Bank Trade creditors Accruals Gross profit Gross profit Margin % Distribution costs Admin expenses Debtors Net current assets Operating profit Interest Net Profit Net Profit Margin % Plant and machinery Ordinary shares of Ghs1 Retained profit 10% debenture Current assets Current liabilities Equity ABC Ltd Ghs '000 A BU C DE F G H I XYZ Ltd Ghs '000 8,030 4,818 J 1,800 40 100 1,606 600 1,006 200 4,000 900 3,120 O 2,000 1,100 P K L M N 7,300 1.392 238 370 120 42% 1,320 480 800 1,266 200 3,960 900 2,000 2,430 3.500

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)

22nd Edition

ISBN:9781305666160

Author:James A. Heintz, Robert W. Parry

Publisher:James A. Heintz, Robert W. Parry

Chapter15: Financial Statements And Year-end Accounting For A Merchandising Business

Section: Chapter Questions

Problem 4CE

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