Using your P&L account and Balance sheet sheet complete the following calculations: Gross Profit margin Gross Profit Percentage margin Net Profit margin Net Profit Percentage margin Current Ratio Acid Test ROCE In addition to these calculations, please make analysis and interpretations of the data determined. From the data below please complete a P&L Account Opening Stock - £800,000 Depreciation - £80,000 Advertising expenses - £60,000 Rent - £15,000 Salaries - £56,000 Commission - £5,000 Other expenses - £7,000 Closing Stock - £200,000 Sales - £1,000,000 From the data below please complete a Balance Sheet with the appropriate sections including Fixed Assets, Current Assets, Other Assets, Long Term Liabilities, short term liabilities and Equity. Land - £ 24,300 Equipment - £45,000 Intangible asset - £3,700 Accounts Payable - £30,000 Notes Payable - £10,000 Building and Improvements - £250,000 Account Expenses - £7,000 Additional Paid in capital - £20,000 Common Stock - £10,000 Long term Liabilities - £200,000 Inventory - £15,000 Investments - £14,000 Retained Earnings - £195,000 Cash and cash - £100,000 Accounts receivable - £20,000

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 89PSA

See similar textbooks

Related questions

Question

100%

Using your P&L account and Balance sheet sheet complete the following calculations:

Gross Profit margin
Gross Profit Percentage margin
Net Profit margin
Net Profit Percentage margin
Current Ratio
Acid Test
ROCE

In addition to these calculations, please make analysis and interpretations of the data determined.

From the data below please complete a P&L Account

Opening Stock - £800,000

Depreciation - £80,000

Advertising expenses - £60,000

Rent - £15,000

Salaries - £56,000

Commission - £5,000

Other expenses - £7,000

Closing Stock - £200,000

Sales - £1,000,000

From the data below please complete a Balance Sheet with the appropriate sections including Fixed Assets, Current Assets, Other Assets, Long Term Liabilities, short term liabilities and Equity.

Land - £ 24,300

Equipment - £45,000

Intangible asset - £3,700

Accounts Payable - £30,000

Notes Payable - £10,000

Building and Improvements - £250,000

Account Expenses - £7,000

Additional Paid in capital - £20,000

Common Stock - £10,000

Long term Liabilities - £200,000

Inventory - £15,000

Investments - £14,000

Retained Earnings - £195,000

Cash and cash - £100,000

Accounts receivable - £20,000

Expert Solution

Step by step

Solved in 2 steps with 4 images

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions