Profit and Loss Account Amount Particulars Amount 1000000 |Closing Stock 200000 Particulars Opening Stock 800000 Sales Gross profit 400000 1200000 1200000 Depreciation Gross profit 80000 Advertisement exp. 60000 15000 56000 5000 7000 177000 400000 400000 Rent Salaries Commission Other exp. Net profit 400000
Profit and Loss Account Amount Particulars Amount 1000000 |Closing Stock 200000 Particulars Opening Stock 800000 Sales Gross profit 400000 1200000 1200000 Depreciation Gross profit 80000 Advertisement exp. 60000 15000 56000 5000 7000 177000 400000 400000 Rent Salaries Commission Other exp. Net profit 400000
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
22nd Edition
ISBN:9781305666160
Author:James A. Heintz, Robert W. Parry
Publisher:James A. Heintz, Robert W. Parry
Chapter15: Financial Statements And Year-end Accounting For A Merchandising Business
Section: Chapter Questions
Problem 4CE
Related questions
Question
Using your P&L account and
- 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.
![of Alina Ltd
Balance Sheet
ember 2021
ASSETS
Debit Amt
Credit Amt
Current Assets
Cash
Accounts Receivable
Inventory
10000d
200
20000
15000 135000
20
-
100
-
110
Non-current Assets
PPE
Land
Buildings and Improvements
Equipment
-
-
70
180
24300
25000d
45000 319300
30
20
-
50
Investments
14000
3700
390
390
Intangible Asset
Total Assets
472000
ccount
articulars Amount
Liabilities and owner's Equity
Current Liabilities
Accounts Payable
Notes Payable
Account Expenses
es
1000000
30000
10000
7000 47000
sing Stock 200000
1200000
Non-current Liabilities
Long term liabilities
oss profit
400000
200000200000
Shareholder's equity
Common Stock (10000+20000) 30000
Retained Earnings
19500d225000
Total Liabilities and owner's
Equity
400000
472000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3fd9bb9b-67ac-463c-bd3e-ea8703757fa5%2F756e2ac6-3a47-4c1a-875b-5f7dac72df09%2Ftasx3s_processed.png&w=3840&q=75)
Transcribed Image Text:of Alina Ltd
Balance Sheet
ember 2021
ASSETS
Debit Amt
Credit Amt
Current Assets
Cash
Accounts Receivable
Inventory
10000d
200
20000
15000 135000
20
-
100
-
110
Non-current Assets
PPE
Land
Buildings and Improvements
Equipment
-
-
70
180
24300
25000d
45000 319300
30
20
-
50
Investments
14000
3700
390
390
Intangible Asset
Total Assets
472000
ccount
articulars Amount
Liabilities and owner's Equity
Current Liabilities
Accounts Payable
Notes Payable
Account Expenses
es
1000000
30000
10000
7000 47000
sing Stock 200000
1200000
Non-current Liabilities
Long term liabilities
oss profit
400000
200000200000
Shareholder's equity
Common Stock (10000+20000) 30000
Retained Earnings
19500d225000
Total Liabilities and owner's
Equity
400000
472000
![Paragraph
Styles
3. 4 I
5
7. 8 |
9. 1
10. 1 11 |
12. 1
13. 14. I
15. 1
Task 2.
Profit and Loss Account
Amount Particulars Amount
1000000
Closing Stock 200000
Particulars
Opening Stock
800000 Sales
Gross profit
400000
1200000
1200000
Depreciation
Advertisement exp. 60000
Rent
Salaries
Commission
Other exp.
Net profit
80000
Gross profit
400000
15000
56000
5000
7000
177000
400000
400000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3fd9bb9b-67ac-463c-bd3e-ea8703757fa5%2F756e2ac6-3a47-4c1a-875b-5f7dac72df09%2Faqhwyht_processed.png&w=3840&q=75)
Transcribed Image Text:Paragraph
Styles
3. 4 I
5
7. 8 |
9. 1
10. 1 11 |
12. 1
13. 14. I
15. 1
Task 2.
Profit and Loss Account
Amount Particulars Amount
1000000
Closing Stock 200000
Particulars
Opening Stock
800000 Sales
Gross profit
400000
1200000
1200000
Depreciation
Advertisement exp. 60000
Rent
Salaries
Commission
Other exp.
Net profit
80000
Gross profit
400000
15000
56000
5000
7000
177000
400000
400000
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