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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
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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
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