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Required Calculate, for each year, two ratios for each of the following user groups, which are of particular significance to them: (a) Shareholders (b) Trade Payables (c) Internal management

Required Calculate, for each year, two ratios for each of the following user groups, which are of particular significance to them: (a) Shareholders (b) Trade Payables (c) Internal management

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 3 The following are the summarized accounts for Mwembeshi Ltd, a company with an accounting year ending 30 September. SUMMARISED STATEMENT OF FINANCIAL POSITION AS AT 30 SEPTEMBER 2017 Assets Non-current assets(at cost less depreciation) Current assets Inventories Receivables Cash at bank. Total assets Liabilities and capital Capital and reserves Called-up share capital of KO.25 per share Accumulated profits Non-current liabilities 10% debentures Current liabilities Trade payables Taxation Proposed dividend Revenue Operating profit Interest payable Profit before taxation Tax on profit Profit for the financial year. K'000 The following information is also available: Accumalated profits brought forward Profits for the year Dividends 40,145 40,210 12,092 32,604 2,473 1,785 K'000 486,300 17,238 -1,984 15,254 -5,734 9,520 K'000 23,540 9,520 -2,240 30,820 4,995 92,447 97,442 9,920 30,820 40,740 19,840 SUMMARISED STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED 30 SEPTEMBER 2017 2018 36,862 97,442 K'000 2018 50,455 43,370 5,790 37,230 3,260 1,985 K'000 583.900 20,670 -1,980 18,690 -7,026 11,664 30,820 11,660 -2,400 40,080 K'000 12,700 99,615 112,315 9,920 40,080 50,000 19,840 42,475 112,315 Required Calculate, for each year, two ratios for each of the following user groups, which are of particular significance to them: (a) Shareholders (b) Trade Payables (c) Internal management
Transcribed Image Text:QUESTION 3 The following are the summarized accounts for Mwembeshi Ltd, a company with an accounting year ending 30 September. SUMMARISED STATEMENT OF FINANCIAL POSITION AS AT 30 SEPTEMBER 2017 Assets Non-current assets(at cost less depreciation) Current assets Inventories Receivables Cash at bank. Total assets Liabilities and capital Capital and reserves Called-up share capital of KO.25 per share Accumulated profits Non-current liabilities 10% debentures Current liabilities Trade payables Taxation Proposed dividend Revenue Operating profit Interest payable Profit before taxation Tax on profit Profit for the financial year. K'000 The following information is also available: Accumalated profits brought forward Profits for the year Dividends 40,145 40,210 12,092 32,604 2,473 1,785 K'000 486,300 17,238 -1,984 15,254 -5,734 9,520 K'000 23,540 9,520 -2,240 30,820 4,995 92,447 97,442 9,920 30,820 40,740 19,840 SUMMARISED STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED 30 SEPTEMBER 2017 2018 36,862 97,442 K'000 2018 50,455 43,370 5,790 37,230 3,260 1,985 K'000 583.900 20,670 -1,980 18,690 -7,026 11,664 30,820 11,660 -2,400 40,080 K'000 12,700 99,615 112,315 9,920 40,080 50,000 19,840 42,475 112,315 Required Calculate, for each year, two ratios for each of the following user groups, which are of particular significance to them: (a) Shareholders (b) Trade Payables (c) Internal management
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