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Average Payment Period Average Collection Period Cash Conversion Period

Average Payment Period Average Collection Period Cash Conversion Period

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question 13 Thorn Ltd (SoFP) extracts Equity Share Capital Retained Earnings Non-current liabilities Current liabilities Total equity and liabilities Plant Fixtures -cost -dep'n -nov -cost -dep'n - nbv Non-current assets Stock /Inventory Debtors Recibles Cash Current assets Total assets Dividends Relained Profil Thorn Ltd (income statement) extracts Sales Revenues Cost of Sales Operating Expenses Operating Profit Interest Profit for the Year 11% Loans (2017) Payables Other Information: 1610 Average Payment Period Average Collection Period Cash Conversion Period 600 112 1,310 488 1,130 490 80 2,400 431 Ye-20x9 1,900 790 320 3.010 488 822 1,310 1.700 3.010 3,100 2.831 269 87 182 142 40 1,000 460 1,160 368 700 390 120 28 1,950 There were no non-current asset disposals in either year, All dividends due had been paid by Ye-31/12/20X9 Ye-20X8 1,250 860 270 2.380 378 792 1,170 1.210 2.380 2,600 2.384 216 95 121 91 30
Transcribed Image Text:Question 13 Thorn Ltd (SoFP) extracts Equity Share Capital Retained Earnings Non-current liabilities Current liabilities Total equity and liabilities Plant Fixtures -cost -dep'n -nov -cost -dep'n - nbv Non-current assets Stock /Inventory Debtors Recibles Cash Current assets Total assets Dividends Relained Profil Thorn Ltd (income statement) extracts Sales Revenues Cost of Sales Operating Expenses Operating Profit Interest Profit for the Year 11% Loans (2017) Payables Other Information: 1610 Average Payment Period Average Collection Period Cash Conversion Period 600 112 1,310 488 1,130 490 80 2,400 431 Ye-20x9 1,900 790 320 3.010 488 822 1,310 1.700 3.010 3,100 2.831 269 87 182 142 40 1,000 460 1,160 368 700 390 120 28 1,950 There were no non-current asset disposals in either year, All dividends due had been paid by Ye-31/12/20X9 Ye-20X8 1,250 860 270 2.380 378 792 1,170 1.210 2.380 2,600 2.384 216 95 121 91 30
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