Income Statement (Extract) for the year ended 31 March 2018 2019 £ £ Sales 3,000,000 5,400,000 Less: Cost of Sales 2,400,000 4,320,000 Gross Profit 600,000 1,080,000 Less: Expenses 360,000 500,000 Operating Profit 240,000 580,000 Statement of Financial Position (Extract) as at 31 March 2018 2019 £ £ Non- Current Assets 364,000 512,000 Current Assets Inventory 480,000 1,440,000 Trade Receivables 396,000 812,000 Total Assets £1,240,000 £2,764,000 Capital & Reserves Ordinary Share Capital 140,000 240,000 Reserves 260,000 560,000 Non-Current Liabilities 440,000 500,000 Trade Payables 320,000 724,000 Bank Overdraft 80,000 740,000 Total Equity and Liabilities £1,240,000 £2,764,000 Calculate : Trade Receivable Days Trade Payable Days Non-current assets turnover

Income Statement (Extract) for the year ended 31 March 2018 2019 £ £ Sales 3,000,000 5,400,000 Less: Cost of Sales 2,400,000 4,320,000 Gross Profit 600,000 1,080,000 Less: Expenses 360,000 500,000 Operating Profit 240,000 580,000 Statement of Financial Position (Extract) as at 31 March 2018 2019 £ £ Non- Current Assets 364,000 512,000 Current Assets Inventory 480,000 1,440,000 Trade Receivables 396,000 812,000 Total Assets £1,240,000 £2,764,000 Capital & Reserves Ordinary Share Capital 140,000 240,000 Reserves 260,000 560,000 Non-Current Liabilities 440,000 500,000 Trade Payables 320,000 724,000 Bank Overdraft 80,000 740,000 Total Equity and Liabilities £1,240,000 £2,764,000 Calculate : Trade Receivable Days Trade Payable Days Non-current assets turnover

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter15: Capital Investment Analysis

Section: Chapter Questions

Problem 15.5.1MBA

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DIRECTION: Compute the following PROFITABILITY RATIOS Gross Margin= Gross Profit/Net Sales Net Profit Margin= Net Profit/ Net Sales Return on Equity= Profit/Shareholder's Equity Return on Asset= Profit/Total Asset TREND ANALYSIS Net Income Growth Rate Total Assets Growth Rate And also compute the percentage beside the columns December 31, December 31, PERCENTAGE 2021 2020 USD USD Assets Current assets Cash and cash equivalents 34,115,412 25,681,845 Short-term financial instruments 71,417,748 80,798,680 Short-term financial assets at amortized cost 2,944,705 2,409,853 Short-term financial assets at fair value through profit or loss 35,624 62,452 Trade receivables 35,585,565 27,065,012 Non-trade receivables 3,930,828 3,150,548 Prepaid expenses 2,042,001 1,980,685 Inventories 36,172,043 28,007,314 Other current assets 4,441,629 3,281,589 Assets held-for-sale - 812,370 Total Current Assets…
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Income Statement (Extract) for the year ended 31 March
	2018	2019
	£	£
Sales	3,000,000	5,400,000
Less: Cost of Sales	2,400,000	4,320,000
Gross Profit	600,000	1,080,000
Less: Expenses	360,000	500,000
Operating Profit	240,000	580,000

Statement of Financial Position (Extract) as at 31 March
	2018	2019
	£	£
Non- Current Assets	364,000	512,000
Current Assets
Inventory	480,000	1,440,000
Trade Receivables	396,000	812,000
Total Assets	£1,240,000	£2,764,000
Capital & Reserves
Ordinary Share Capital	140,000	240,000
Reserves	260,000	560,000
Non-Current Liabilities	440,000	500,000
Trade Payables	320,000	724,000
Bank Overdraft	80,000	740,000
Total Equity and Liabilities	£1,240,000	£2,764,000