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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Question 1 a( iv,v,vi)
Question 1 b
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