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Calculate: ROCE Net profit margin and Average payable days for 2018 and 2019

Calculate: ROCE Net profit margin and Average payable days for 2018 and 2019

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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Calculate: ROCE Net profit margin and Average payable days for 2018 and 2019
For the year ended 31 Dec. 2018 £000 For the year ended 31 Dec. 2019 £000 6,000 £000 4,800 £000 Sales revenue Cost of sales Opening inventory Purchases 1,200 2,700 3,900 (450) 450 4,800 5,250 (900) Less: Closing inventory Gross profit Operating expenses Finance cost Net profit (3,450) 1,350 (600) (150) 600 (4,350) 1,650 (675) (300 675 As at year to 31 Dec. 2018 As at year to 31 Dec. 2019 £000 Statement of financial position £000 £000 £000 6,000 Non-current assets Current assets Inventory Receivables – trade Prepayments Cash 2,955 450 900 90 75 750 1200 105 15 2,070 8,070 900 300 1,650 1,515 4,470 Issued share capital Share premium account Retained earnings 900 300 1,125 2,325 2,850 Non-current liabilities 10% loan notes Current liabilities Payables – trade Accruals 1,500 3,000 570 75 2,100 120 645 2,220 4,470 8,070
Transcribed Image Text:For the year ended 31 Dec. 2018 £000 For the year ended 31 Dec. 2019 £000 6,000 £000 4,800 £000 Sales revenue Cost of sales Opening inventory Purchases 1,200 2,700 3,900 (450) 450 4,800 5,250 (900) Less: Closing inventory Gross profit Operating expenses Finance cost Net profit (3,450) 1,350 (600) (150) 600 (4,350) 1,650 (675) (300 675 As at year to 31 Dec. 2018 As at year to 31 Dec. 2019 £000 Statement of financial position £000 £000 £000 6,000 Non-current assets Current assets Inventory Receivables – trade Prepayments Cash 2,955 450 900 90 75 750 1200 105 15 2,070 8,070 900 300 1,650 1,515 4,470 Issued share capital Share premium account Retained earnings 900 300 1,125 2,325 2,850 Non-current liabilities 10% loan notes Current liabilities Payables – trade Accruals 1,500 3,000 570 75 2,100 120 645 2,220 4,470 8,070
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