Homework Help is Here – Start Your Trial Now!
Business
Accounting
Statement of changes in equity Retained eanings 1,200 Add: Profit 2,170 Less: loses 3,144 Retained eamings, 30th April 226

Statement of changes in equity Retained eanings 1,200 Add: Profit 2,170 Less: loses 3,144 Retained eamings, 30th April 226

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question

Evaluate and comment on  businesses financial performance by calculating and analysing 2 profitability, liquidity and solvency ratios based on the information from  financial statements  Consider whether certain aspects (profitability, liquidity or solvency) can be improved and if so, how? (300 words)

Statement of changes in equity Retained eanings 1,200 Add: Proft 2,170 Less: loses 3,144 Retained eanings, 30th April 226
Transcribed Image Text:Statement of changes in equity Retained eanings 1,200 Add: Proft 2,170 Less: loses 3,144 Retained eanings, 30th April 226
S tatement of financial position Statem ent of cash flows Cash fows from operating activities: Curert asset: Cash received 4,910 Cash 1,406 Cash paid 5,504 Recevables 1,460 Net discrease in cash 594 Ivertories 1,880 S tatement of pro fit or loss Total curent assets 4,746 Revenues: Servike revenu 1,420 Total 2sseb 4,746 Expenses: Curent liabilties: Advertis ing expense 150 Accourts payable 1,840 Rentexpense 450 Accural Account 230 Insurance 210 Total curent liabilities 2,070 Gas expense 125 Net Assets Electricity expense 256 2,676 Fquity Depreciation expense 80 Share captal 2,450 Totalexperse 1,271 Profit 149 Retaired eamirgs 226 Total eouity 2.676
Transcribed Image Text:S tatement of financial position Statem ent of cash flows Cash fows from operating activities: Curert asset: Cash received 4,910 Cash 1,406 Cash paid 5,504 Recevables 1,460 Net discrease in cash 594 Ivertories 1,880 S tatement of pro fit or loss Total curent assets 4,746 Revenues: Servike revenu 1,420 Total 2sseb 4,746 Expenses: Curent liabilties: Advertis ing expense 150 Accourts payable 1,840 Rentexpense 450 Accural Account 230 Insurance 210 Total curent liabilities 2,070 Gas expense 125 Net Assets Electricity expense 256 2,676 Fquity Depreciation expense 80 Share captal 2,450 Totalexperse 1,271 Profit 149 Retaired eamirgs 226 Total eouity 2.676
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Ratio Analysis
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS