The following additional information is available.(i) Property, plant and equipmentAccumulatedCarryingdepreciationamountK000K'000(9,500)24,1006,700At 30 September 2020Additions to right of use assetsPurchase of new plantDisposal of propertyDepreciation for the year8,3001,000(4,000)(2,500)(2,500)At 30 September 2021(11,000)32,600The property disposed of was sold for K8.1 million.(ii) Investments/investment income:During the year an investment that had a carrying amount of K3 million was sold for K3.4million. No investments were purchased during the year.Investment income consists of.Year to 30 September.20212020K'000K'000Dividends received200250Profit on sale of investment400Increases in fair value5004501,100700() On 1 April 2021 there was a bonus issue of shares that was funded first from the sharepremium account and then from the revaluation surplus account. This was followedimmediately on the same day in April by an issue of shares for cash at par.(iv) The movement in the product warranty provision has been included in cost of sales.Required.(a) Prepare a statement of cash flows for Jabo Co from the cash from operating activities linefor the year ended 30 September 2021. The cash flows from operating activities figure isK1.7 million and has been adjusted for depreciation, interest expense, investment incomeand profit on the sale of property.(b) Calculate the EPS for Mocha Co for the period ending 30 September 2020 and 2021.CostK'00033,6006,7008,300(5,000)43,600 The following information relates to the draft financial statements of Jabo, Ltd:SUMMARISED STATEMENTS OF FINANCIAL POSITION AS AT 30 SEPTEMBER20212020К000К000ASSETSNon-current assets32,60024,100Property, plant and equipmentFinancial asset: equity investments4,5007,000Current assetsInventories10,2007,200Trade receivables3,5003,700nil1,400Cash and cash equivalentsTotal assets50,80043,400EQUITY AND LIABILITIESEquity14,0008,000nilEquity shares of K1 eachShare premiumRevaluation reserveRetained earnings2,0002,0003,60013,00010,10029,00023,700Non-current liabilitiesLease liability7,0006,900Deferred tax1,300900Current liabilities:Tax1,0001,200Bank overdraft2,900nilProvision for product warranties1,6004,000Lease liability4,8002,100Trade payables3,2004,600Total equity and liabilities50,800SUMMARISED STATEMENTS OF PROFIT OR LOSS FOR THE YEARS ENDED 30 SEPTEMBER:20212020К000K000Revenue58,50041,000Cost of sales(46,500)(30,000)Gross profit12,00011,000Operating expenses(8,700)(4,500)1,100700Investment incomeFinance costs(500)(400)Profit before tax3,9006,800Income tax expense(1,000)(1,800)Profit for the year2,9005,00043,400

Earning per share: It is the most important ratio as it measures the profitability of a firm from…

llowing additional information is available. (1) Property, plant and equipment Accumulated Carrying depreciation amount K000 K000 (9,500) 24,100 6.700 8,300 At 30 September 2020 Additions to right of use assets Purchase of new plant Disposal of property Depreciation for the year At 30 September 2021 1,000 (4.000) (2,500) (2,500) (11,000) 32,600 the property disposed of was sold for KB.1 million. (i) Investments/investment income: uring the year an investment that had a carrying amount of K3 million was sold for K3.4 illion. No investments were purchased during the year. vestment income consists of: Year to 30 September. 2021 2020 K000 K000 Dividends received 200 250 Profit on sale of investment 400 600 450 Cost К000 33,600 6,700 8,300 (5,000) 43,600

llowing additional information is available. (1) Property, plant and equipment Accumulated Carrying depreciation amount K000 K000 (9,500) 24,100 6.700 8,300 At 30 September 2020 Additions to right of use assets Purchase of new plant Disposal of property Depreciation for the year At 30 September 2021 1,000 (4.000) (2,500) (2,500) (11,000) 32,600 the property disposed of was sold for KB.1 million. (i) Investments/investment income: uring the year an investment that had a carrying amount of K3 million was sold for K3.4 illion. No investments were purchased during the year. vestment income consists of: Year to 30 September. 2021 2020 K000 K000 Dividends received 200 250 Profit on sale of investment 400 600 450 Cost К000 33,600 6,700 8,300 (5,000) 43,600

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.3.1P: Effect of transactions on current position analysis Data pertaining to the current position of...

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ABC Industry and Trade Inc. Balance Sheet as of 31.12.2020 (TL) transactions ASSETS(Assets) I-Current Assets Ready Values Securities Commercial debts Stocks Other Current Assets Current Assets Total I-Fixed Assets Financial Fixed Assets Tangible Fixed Assets Total Fixed Assets TOTAL ASSETS 31.12.2020 Amount Vertical Percent (%) 360.000 12 45.000 1.5 870.000 29 840.000 28 255.000 8.5 2.370.000 79 390.000 13 240.000 8. 630.000 21 3.000.000 100 LIABILITIES(RESOURCES) l-Short Term Liv. resources Financial Debts Trade payables Short Term Foreign Resource Total Il-Long-Term Liabilities Financial Debts Long Term Liv. Source Ball. III-Equity Paid-in capital Profit Reserves Net profit for the period Previous Year's profit Total Equity TOTAL LIABILITIES (RESOURCES) 39.000 1.3 120.000 4 159.000 5.3 81.000 2.7 81.000 2.7 120.000 4 420.000 14 1.950.000 65 270.000 9 2.760.000 92 3.000.000 100 Requested: Calculate the vertical percentages of the Balance Sheet items of ABC Sanayi ve Ticaret A.Ş. dated…
The following inrormation has been extracted from the draft financial information of Claudius Ltd. Draft statement of financial position as at 30th June 20X7 and 30th June 20X6 are as follows: 20X7 20X6 £ £ £ ASSETS Non current assets Property, plant and equipment 101,107 64,270 Current assets 27,979 11,506 22,075 14,265 Inventories Trade receivables Cash and Bank 3,240 42,725 294 36,634 TOTAL ASSETS 143,832 100,904 EQUITY AND LIABILITIES Equity Share capital 29,551 27,408 10,454 6,523 7,474 Share Premium Account 11,391 Revaluation reserve 15,456 Retained earnings 11,351 67,749 51,859 Non current liabilities 6% debentures 37,184 22,844 Current Liabilities 14,336 22,417 2,146 Bank overdraft 4,151 Trade and other payables Current tax payable 20,082 38,899 1,968 26,210 Page 3 TOTAL EQUITY AND LIABILITIES 143,832 100,904 Statement of comprehensive income for the year ended 30th June 20X7 £ 58,083 (31,399) Revenue Cost of sales Gross Profit 26,684 Distribution costs (8,959) (6,393)…
The following are the summarised statements of financial position of WWW Ltd, Zonko's Ltd and MoM Ltd as at 31 July 2020: www Ltd Zonko's Ltd МоM Ltd €000 €000 €000 Assets Non-current assets Property, Plant and Equipment 12,830 7,690 5,130 Investment in Zonko's 5,040 1,390 4,490 Investment in MoM Current assets 2,680 1,770 Total assets 23,750 10,370 6,900 Equity and liabilities Equity Ordinary share capital (€1) Retained earnings 10,000 5,000 4,000 7,930 3,210 1,250 Non-current liabilities 1,200 900 2,000 3,820 Current liabilities 960 750 Total equity and liabilities 23,750 10,370 6,900 The following additional notes are available: 1. www Ltd acquired three million of the ordinary shares of Zonko's Ltd on 1 October 2011 when the retained earnings of Zonko's Ltd were €1,800,000. 2. www Ltd acquired 30% of the ordinary shares of MoM Ltd on 1 March 2012 when the retained earnings of MoM Ltd were €500,000. 3. During July 2020 MoM Ltd sold goods to WWW Ltd at invoice value €60,000 on which…
Prepare the Pro Forma Statement of Financial Position as at 31 December 2023 from the Statement ofFinancial Position and additional information provided below:INFORMATIONThe financial position of Gatti Limited as at 31 December 2022 is reflected the following statement:Statement of Financial Position as at 31 December 2022 R ASSETSNon-current assets 1 400 000Property, plant and equipment 1 200 000Fixed deposits 200 000Current assets 5 800 000Inventories 3 400 000Accounts receivable 2 000 000Cash and cash equivalents 400 000Total assets 7 200 000 EQUITY AND LIABILITIESEquity 4 680 000Ordinary share capital 3 600 000Retained earnings 1 080 000Non-current liabilities 720 000Long-term loan 720 000Current liabilities 1 800 000Accounts payable 1 800 000Total equity and liabilities 7 200 000 Additional informationThe following must be taken into account for 2023:■ Sales are forecast at R60 000 000, with a profit margin of 10% and a gross margin of 30%. Fifty percent(50%) of the sales is…
The following are extracts from the financial statements of Captus Ltd. As at 31 March: 2021 2020 Sh.’000’ Sh.’000’ Sh.’000’ Sh.’000’ Fixed assets: Goodwill Freehold land and building Plant and machinery (NBV) Investment at cost Current assets: Stocks Accounts receivable Investments Cash at hand and bank Current liabilities Bank overdraft Accounts payable Proposed dividends Taxation Net current assets 15% debentures Capital and reserves: Authorised, issued and paid Sh.10 Ordinary shares Share premium Revaluation reserve Retained profit 10,050 6,140 1,710 200 18,100 (2,390) (5,850) (450) (820) (9,510) 2,800 16,800 5,860 3,600 29,060 8,590 37,650 (7,500) 30,150 18,000 1,500 4,500 6,150 8,700 7,800 840 430 17,770 (6,540) (5,250) (380) (600) (12,770) 2,900 12,000 6,350 3,750 25,000 5,000 30,000 (9,000) 21,000 15,000 750 -…
The following information relates to the activities of Goalie Plc: Statement of financial position as at 30 April 2019 $'000 2020 $'000 Non-current assets Freehold land, cost Plant and equipment 2,100 2,340 990 3,090 1,092 3,432 Current assets Inventory 1,068 1,494 Receivables 990 912 Bank 90 2,148 5,238 2,406 5,838 Total assets Equity and liabilities Equity 2,808 3,750 Non-current liabilities: 6% debentures 1,350 750 Current liabilities Payables 720 690 Bank overdraft 378 Corporation tax 360 270 1,080 1,338 2,088 Total liabilities 2,430 Equity and liabilities 5,238 5,838 Income statement for the year ended 30 April 2020: $'00 13,560 (10,260) 3,300 Sales Cost of sales Gross profit Expenses (2,298) 1,002 Profit before tax Таx (450) Profit after tax 552
Assets Fixed assets: Property, plant equipment (net) Total fixed assets Current assets: Inventory and Accounts Receivable (net) Cash and cash equivalents Total current assets Total assets 20X8 750,000 750,000 574,800 235,600 81,200 891,600 1,641,600 Sanborn Corporation Comparative Balance Sheets in € December 31, 20X8 and 20X7 Liabilities 20X7 720,000 720,000 594,800 229,200 40,800 864,800 1,584,800 Stockholders' Equity Stockholders' equity: Common stock 10 par value Retained earnings Total equity Long-term liabilities: Bonds payable Total stockholders' long-term liabilities Current liabilities: Notes payable Accounts payable Total current liabilities Total liabilities Total liabilities stockholders' equity 20X8 400,000 374,000 774,000 400,000 400,000 200,000 267.600 467,600 867,600 & 1,641,600 20X7 400,000 307,600 707,600 400,000 477,200 877,200 877,200 1,584,800 Comment on the results in requirements 1 and 2 by identifying favourable and unfavourable changes in the components and…
The following is a December 31, 2021, post-ciosing trial balance for the Jackson Corporation. Account Title Cash Accounts receivable Inventory Prepaid rent (for the next 8 months) Investment in equity securities (short term) Hachinery Accumulated depreciation Patent (net) Accounts payable Salaries payable Income taxes payable Bonds payable (due in 10 years) Comnon stock Retained earnings Debits Credits $ 44,000 38,000 79,000 20,000 14,000 165,000 $ 15,000 83,000 10,000 6,000 36,000 180,000 140,000 56,000 Totals $443,000 $443,000 Required: Prepare a classified balance sheet for Jackson Corporation at December 31, 2021, by properly classifying each of the accounts. (Amounts to be deducted should be Indicated by a minus sign.) Page 1
Assets Current assets: Cash and marketable securities Accounts receivable Inventory Total Fixed assets: Gross plant and equipment Less: Depreciation Net plant and equipment Other long-term assets Total Total assets Net sales (all credit) Less: Cost of goods sold Gross profits Less: Other operating expenses Earnings per share (EPS) Dividends per share (DPS) Book value per share (BVPS) Market value (price) per share (MVPS) 2821 $ 75 115 200 $390 ROA ROE $580 110 $470 50 $520 $910 Less: Depreciation Earnings before interest and taxes (EBIT) Less: Interest Earnings before taxes (EBT) Less: Taxes Net income Less: Preferred stock dividends Net income available to common stockholders Less: Common stock dividends Addition to retained earnings Per (common) share data: 96 96 Earnings before interest, taxes, depreciation, and amortization (EBITDA) 2020 $ 65 110 198 $365 DuPont Analysis times times $471 100 $371 LAK OF EGYPT MARINA, INC. Income Statement for Years Ending December 31, 2021 and 2020…
Effect of transactions on current position analysis Data pertaining to the current position of Newlan Company are as follows: Instructions Compute (a) the working capital, (h) the current ratio, and (c) the quick ratio.
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