Fill the details/instructions form and checkout for your essay - pro writers; top college graduates only in less than 5 mins, NO AI—Plagiarism-free!.
Posted: October 25th, 2023
BALANACE SHEET
As at Decemeber 31, 2011
ABC LTD PQR LTD
FIXED ASSETS
Equipment at Cost 25,000 50,000
Less: Depreciation 20,000 5,000 15,000 35,000
Curent Assets
Inventory 37,500 43,750
Accounts Receivable 62,500 50,000
Cash At Bank 12,500 6,250
1,12,500 1,00,000
Less: Current Liabilites 12,500 1,00,000 25,000 75,000
Total Assets 1,05,000 1,10,000
Financed By
Capital B/f 95,000 90,000
Add: Net Profit 25,000 37,500
1,20,000 1,27,500
Less: Drawings 15,000 17,500
1,05,000 1,10,000
TRADING AND PROFIT & LOSS ACCOUNT
FOR THE YEAR ENDED DECEMBER 31, 2011
ABC LTD PQR LTD
Sales Revenue 2,00,000 3,00,000
Less: Cost of goods sold
Opening Inventory 62,500 56,250
Add: Purchases 1,25,000 2,27,500
1,87,500 2,83,750
Less: Closing Inventory 37,500 1,50,000 43,750 2,40,000
Gross Profit 50,000 60,000
Less: Depreciation 2,500 7,500
Other expense 22,500 25,000 15,000 22,500
Net Profit 25,000 37,500
Ratios to be computed:
a. Gross Profit as percentage to sales
b. Net profit as percentage of sales
© Expenses as percentage to sales
(d) Current Ratio
⬠Acid test ratio
(f) Stock turnover ratio
(g) Debtors (Accounts receivable) – sales ratio
(h) Return (Net profit) on Capital employed
(i) Net working capital
(j) Net working capital to total assets ratio
Every student wants the best grades and that’s our Focus
Our team consists of outstanding writers who have specialized knowledge in specific subject areas and professionals experienced in academic research writing. They hold at least a graduate degree—230 with Masters and MSN, experts carefully selected and trained to ensure the best quality of our work. .
We are committed to hiring the most skilled writers who can deliver high-quality work at a reasonable price for college students. Thus, we offer the best value for money without sacrificing the standard of our essay writing services; the quality of the paper's content. #Remember to activate the DISCOUNT Code on the order form COUPONS' section before making payment for your essay.
The service guarantees that our final work is 100% original, rearched and human written. We are committed to delivering plagiarism-free and AI-free work to each university/college student's 'write my paper' request. To uphold this promise, we check every draft for any possible instances of duplication, wrong citation, grammar errors and artificiality before we send it to you. Thus, you can always rely on us to write genuine and high-standard content for your essay assignments.
When you decide to place an order with Homework Ace Tutors, here is what happens: