Walter's trial balance at 31-Dec-2021 is shown below £ - Dr 210,000 Cost of Sales/Sales Admin Costs Equipment Cost/Depreciation Staff salaries Cash at Bank Inventory £2NV Shares Retained earnings Receivables/Payables Totals Notes 1) Outstanding salaries of £6,000 are due at year-end. 2) A 1:5 Bonus Issue was declared on 31-Dec-2021 but no entries have been posted. 3) During the year dividends of 10p per share were declared for all shareholders at 01-Jan-2021. 4) Equipment depreciation is 10% p.a. (straight line basis). 5) Company tax rates were 20%. Required: For year ending 31-Dec-2021: a) Financial Position Statement b) Income Statement c) Change in Equity Statement d) Calculate: Return on Capital Employed Profit Margin in Sales Dividend Cover Ratio £-Cr 750,000 26,000 160,000 64,000 22,000 495,000 27,000 100,000 60,000 69,000 35,000 1,009,000 1,009,000
Walter's trial balance at 31-Dec-2021 is shown below £ - Dr 210,000 Cost of Sales/Sales Admin Costs Equipment Cost/Depreciation Staff salaries Cash at Bank Inventory £2NV Shares Retained earnings Receivables/Payables Totals Notes 1) Outstanding salaries of £6,000 are due at year-end. 2) A 1:5 Bonus Issue was declared on 31-Dec-2021 but no entries have been posted. 3) During the year dividends of 10p per share were declared for all shareholders at 01-Jan-2021. 4) Equipment depreciation is 10% p.a. (straight line basis). 5) Company tax rates were 20%. Required: For year ending 31-Dec-2021: a) Financial Position Statement b) Income Statement c) Change in Equity Statement d) Calculate: Return on Capital Employed Profit Margin in Sales Dividend Cover Ratio £-Cr 750,000 26,000 160,000 64,000 22,000 495,000 27,000 100,000 60,000 69,000 35,000 1,009,000 1,009,000
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Walter's trial balance at 31-Dec-2021 is shown below
£ - Dr
210,000
Cost of Sales/Sales
Admin Costs
Equipment Cost/Depreciation
Staff salaries
Cash at Bank
Inventory
£2NV Shares
Retained earnings
Receivables/Payables
Totals
Notes
1) Outstanding salaries of £6,000 are due at year-end.
2) A 1:5 Bonus Issue was declared on 31-Dec-2021
but no entries have been posted.
3) During the year dividends of 10p per share were
declared for all shareholders at 01-Jan-2021.
4) Equipment depreciation is 10% p.a. (straight line basis).
5) Company tax rates were 20%.
Required:
For year ending 31-Dec-2021:
a) Financial Position Statement
b) Income Statement
c) Change in Equity Statement
d) Calculate:
Return on Capital Employed
Profit Margin in Sales
Dividend Cover Ratio
£-Cr
750,000
26,000
160,000
64,000
22,000
495,000
27,000
100,000
60,000
69,000
35,000
1,009,000
1,009,000
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