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Data extracts from Dormer's accounts are shown below Ye-Dec-21 Ye-Dec-20 Land & Buildings 279,000 228,000 Plant 75,000 72,000 Inventory Receivables Cash at Bank Total Assets Share Capital Reserves Long term loans Payables Taxation Interest Total Liabilities & Equity Operating Profits Interest Taxation 65,000 53,000 52,000 63,000 64,000 14,000 535,000 430,000 165,000 115,000 195,000 84,000 110,000 158,000 51,000 62,000 8,000 5,000 6,000 6,000 535,000 430,000 37,000 -5,000 -11,000 21,000 Profit for the Year Notes for the year to 31-Dec-21: Annual depreciation charges were £30,000. Plant (cost £15,000/depreciation £8,000) was sold for £4,000. Buildings costing £80,000 were sold for £110,000. A warehouse had been revalued by £60,000. Buildings/warehouses are not depreciated. Required: a) Prepare a statement of cashflows for Ye-Dec-21. b) Reconcile the annual movement in non-current assets. c) For Ye-Dec-21 calculate: Gearing, Current, and Quick Asset ratios

Data extracts from Dormer's accounts are shown below Ye-Dec-21 Ye-Dec-20 Land & Buildings 279,000 228,000 Plant 75,000 72,000 Inventory Receivables Cash at Bank Total Assets Share Capital Reserves Long term loans Payables Taxation Interest Total Liabilities & Equity Operating Profits Interest Taxation 65,000 53,000 52,000 63,000 64,000 14,000 535,000 430,000 165,000 115,000 195,000 84,000 110,000 158,000 51,000 62,000 8,000 5,000 6,000 6,000 535,000 430,000 37,000 -5,000 -11,000 21,000 Profit for the Year Notes for the year to 31-Dec-21: Annual depreciation charges were £30,000. Plant (cost £15,000/depreciation £8,000) was sold for £4,000. Buildings costing £80,000 were sold for £110,000. A warehouse had been revalued by £60,000. Buildings/warehouses are not depreciated. Required: a) Prepare a statement of cashflows for Ye-Dec-21. b) Reconcile the annual movement in non-current assets. c) For Ye-Dec-21 calculate: Gearing, Current, and Quick Asset ratios

Essentials Of Investments
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
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Data extracts from Dormer's accounts are shown below Ye-Dec-21 Ye-Dec-20 Land & Buildings 279,000 228,000 Plant 75,000 72,000 Inventory Receivables Cash at Bank Total Assets Share Capital Reserves Long term loans Payables Taxation Interest Total Liabilities & Equity Operating Profits Interest Taxation 65,000 53,000 52,000 63,000 64,000 14,000 535,000 430,000 165,000 115,000 195,000 84,000 110,000 158,000 51,000 62,000 8,000 5,000 6,000 6,000 535,000 430,000 37,000 -5,000 -11,000 21,000 Profit for the Year Notes for the year to 31-Dec-21: Annual depreciation charges were £30,000. Plant (cost £15,000/depreciation £8,000) was sold for £4,000. Buildings costing £80,000 were sold for £110,000. A warehouse had been revalued by £60,000. Buildings/warehouses are not depreciated. Required: a) Prepare a statement of cashflows for Ye-Dec-21. b) Reconcile the annual movement in non-current assets. c) For Ye-Dec-21 calculate: Gearing, Current, and Quick Asset ratios
Transcribed Image Text:Data extracts from Dormer's accounts are shown below Ye-Dec-21 Ye-Dec-20 Land & Buildings 279,000 228,000 Plant 75,000 72,000 Inventory Receivables Cash at Bank Total Assets Share Capital Reserves Long term loans Payables Taxation Interest Total Liabilities & Equity Operating Profits Interest Taxation 65,000 53,000 52,000 63,000 64,000 14,000 535,000 430,000 165,000 115,000 195,000 84,000 110,000 158,000 51,000 62,000 8,000 5,000 6,000 6,000 535,000 430,000 37,000 -5,000 -11,000 21,000 Profit for the Year Notes for the year to 31-Dec-21: Annual depreciation charges were £30,000. Plant (cost £15,000/depreciation £8,000) was sold for £4,000. Buildings costing £80,000 were sold for £110,000. A warehouse had been revalued by £60,000. Buildings/warehouses are not depreciated. Required: a) Prepare a statement of cashflows for Ye-Dec-21. b) Reconcile the annual movement in non-current assets. c) For Ye-Dec-21 calculate: Gearing, Current, and Quick Asset ratios
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