Income Statement for the years ending 31 August: 2020 2019 £ £ Revenue 950,000 975,000 Cost of sales 455,000 460,000 Gross profit 495,000 515,000 Total expenses 320,000 310,000 Net profit 175,000 205,000 Statement of financial position as at 31 August:- 2020 2019 £ £ Non-current assets 70,000 65,000 Current assets Cash at bank 45,000 55,000 Inventory 22,000 20,000 Trade receivables 15,000 10,000 Total current assets 82,000 85,000 Total assets 152,000 150,000 Non-current liabilities 23,000 26,000 Current liabilities Trade payables 40,000 30,000 Total liabilities 63,000 56,000 Net Assets 89,000 94,000 Equity Share capital 200,000 200,000 Retained earnings 175,000 205,000 Total Equity 89,000 94,000 calculate return of assets return of equity gross profit margin operating profit margin net profit margin share houlderes number
Income Statement for the years ending 31 August:
2020 2019
£ £
Revenue 950,000 975,000
Cost of sales 455,000 460,000
Gross profit 495,000 515,000
Total expenses 320,000 310,000
Net profit 175,000 205,000
2020 2019
£ £
Non-current assets 70,000 65,000
Current assets
Cash at bank 45,000 55,000
Inventory 22,000 20,000
Trade receivables 15,000 10,000
Total current assets 82,000 85,000
Total assets 152,000 150,000
Non-current liabilities 23,000 26,000
Current liabilities
Trade payables 40,000 30,000
Total liabilities 63,000 56,000
Net Assets 89,000 94,000
Equity
Share capital 200,000 200,000
Total Equity 89,000 94,000
calculate
return of assets
return of equity
gross profit margin
operating profit margin
net profit margin
share houlderes number
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 2 images
