Question
In: Accounting
Extracts Income Statements and Balance Sheets 2017 2018 2019 Sales 3,840 5,760 8,448 Cost of Sales...
|
Extracts Income Statements and Balance Sheets |
2017 |
2018 |
2019 |
|
Sales |
3,840 |
5,760 |
8,448 |
|
Cost of Sales |
1,920 |
2,688 |
5,608 |
|
Distribution costs |
384 |
462 |
676 |
|
Administrative expenses |
1095 |
1,268 |
1,260 |
|
Interest expense (paid) |
135 |
192 |
576 |
|
Taxation |
76 |
268 |
150 |
|
Retained Profit |
115 |
652 |
128 |
|
Fixed assets at cost |
1,765 |
2,285 |
4,915 |
|
Accumulated depreciation |
192 |
422 |
1,690 |
|
Closing Inventory at cost |
154 |
346 |
752 |
|
Trade receivables |
384 |
961 |
1,589 |
|
Prepayments |
55 |
192 |
230 |
|
Overdraft |
176 |
211 |
2,262 |
|
Trade payables |
190 |
308 |
624 |
|
Accruals |
155 |
384 |
576 |
|
Taxation payable |
76 |
268 |
150 |
|
Debentures |
640 |
385 |
250 |
|
Ordinary share capital £1 |
775 |
1000 |
1000 |
|
Retained earnings/Reserves |
154 |
806 |
934 |
Looking at above, can you fill the below?
Thank you in advance.
|
Item |
Year 2018 |
Year 2019 |
|
Net Profit |
1,150 |
|
|
+Depreciation |
||
|
+Interest Expense |
||
|
-Increase in Inventory |
||
|
-Increase in Debtors |
||
|
-Increase in Prepayments |
||
|
+Increase in Creditors |
||
|
+Accruals rise |
||
|
-Interest Paid |
||
|
-Tax Paid |
||
|
-Dividends Paid |
||
|
Net Cash Flow (Operating Act.) |
||
|
Net Cash Flow (Investing Act.) |
||
|
Net Cash Flow (Financing Act.) |
||
|
Net Cash Increase |
||
|
Opening Balance |
||
|
Closing Balance |
Solutions
Expert Solution
| Statement of Cash flow | ||||
| Item | Year 2017 | Year 2018 | Year 2019 | |
| Net Profit | 306.00 | 1,150.00 | 328.00 | |
| +Depreciation | 192.00 | 230.00 | 1,268.00 | |
| +Interest Expense | 135.00 | 192.00 | 576.00 | |
| Operating profit from before working capital changes | 633.00 | 1,572.00 | 2,172.00 | |
| -Increase in Inventory | (154.00) | (192.00) | (406.00) | |
| -Increase in Debtors | (384.00) | (577.00) | (628.00) | |
| -Increase in Prepayments | (55.00) | (137.00) | (38.00) | |
| +Increase in Creditors | 190.00 | 118.00 | 316.00 | |
| +Accruals rise | 155.00 | 229.00 | 192.00 | |
| Inccrease/(decrease) in taxation payable | 76.00 | 192.00 | (118.00) | |
| Cash generation from operation | 461.00 | 1,205.00 | 1,490.00 | |
| -Tax Paid | - | (76.00) | (268.00) | |
| Net Cash Flow (Operating Act.) | 461.00 | 1,129.00 | 1,222.00 | A |
| Cash flows from investing activities: | ||||
| Net proceeds/(Purchase) of Building | (1,573.00) | (290.00) | (1,362.00) | |
| Net Cash Flow (Investing Act.) | (1,573.00) | (290.00) | (1,362.00) | B |
| Cash flows from financing activities: | ||||
| Net proceeds/(Repayment))of Debenture payable | 640.00 | (255.00) | (135.00) | |
| Net proceeds/(Repayment))of Overdraft payable | 176.00 | 35.00 | 2,051.00 | |
| Net proceeds/(Repayment))of Issue of Common stock | 775.00 | 225.00 | 0.00 | |
| Dividends Paid | (115.00) | (230.00) | (50.00) | |
| Net Cash Flow (Financing Act.) | 1,476.00 | (225.00) | 1,866.00 | C |
| Net Cash Increase | 364.00 | 614.00 | 1,726.00 | (A+B+C) |
| Opening Balance | - | 364.00 | 978.00 | |
| Closing Balance | 364.00 | 978.00 | 2,704.00 | |
| Income Statements and Balance Sheets | ||||
| 2017 | 2018 | 2019 | ||
| Sales | 3,840.00 | 5,760.00 | 8,448.00 | |
| Cost of Sales | 1,920.00 | 2,688.00 | 5,608.00 | |
| Gross Profit | 1,920.00 | 3,072.00 | 2,840.00 | |
| Less: Expenses | ||||
| Distribution costs | 384.00 | 462.00 | 676.00 | |
| Administrative expenses | 1,095.00 | 1,268.00 | 1,260.00 | |
| Operating expenses | 1,479.00 | 1,730.00 | 1,936.00 | |
| EBIT/Operating profit | 441.00 | 1,342.00 | 904.00 | |
| Interest expense (paid) | 135.00 | 192.00 | 576.00 | |
| Profit before tax(PBT) | 306.00 | 1,150.00 | 328.00 | |
| Taxation | 76.00 | 268.00 | 150.00 | |
| Profit after Tax(PAT) | 230.00 | 882.00 | 178.00 | |
| Dividend paid | 115.00 | 230.00 | 50.00 | |
| Retained Profit | 115.00 | 652.00 | 128.00 | |
| Fixed assets at cost | 1,765.00 | 2,285.00 | 4,915.00 | |
| Accumulated depreciation | -192.00 | -422.00 | -1,690.00 | |
| Net fixed assets | 1,573.00 | 1,863.00 | 3,225.00 | |
| Closing Inventory at cost | 154.00 | 346.00 | 752.00 | |
| Trade receivables | 384.00 | 961.00 | 1,589.00 | |
| Prepayments | 55.00 | 192.00 | 230.00 | |
| Total Asset | 2,166.00 | 3,362.00 | 5,796.00 | |
| Overdraft | 176.00 | 211.00 | 2,262.00 | |
| Trade payables | 190.00 | 308.00 |
 ekkarill92 answered 2 years agoRelated SolutionsExtracts Income Statements and Balance Sheets 2017 2018 2019 Sales 3,840 5,760 8,448 Cost of Sales...
Extracts Income Statements and Balance
Sheets
2017
2018
2019
Sales
3,840
5,760
8,448
Cost of Sales
1,920
2,688
5,608
Distribution costs
384
462
676
Administrative expenses
1095
1,268
1,260
Interest expense (paid)
135
192
576
Taxation
76
268
150
Retained Profit
115
652
128
Fixed assets at cost
1,765
2,285
4,915
Accumulated depreciation
192
422
1,690
Closing Inventory at cost
154
346
752
Trade receivables
384
961
1,589
Prepayments
55
192
230
Overdraft
176
211
2,262
Trade payables
190
308...
Extracts Income Statements and Balance Sheets 2017 2018 2019 Sales 3,840 5,760 8,448 Cost of Sales...
Extracts Income Statements and Balance
Sheets
2017
2018
2019
Sales
3,840
5,760
8,448
Cost of Sales
1,920
2,688
5,608
Distribution costs
384
462
676
Administrative expenses
1095
1,268
1,260
Interest expense (paid)
135
192
576
Taxation
76
268
150
Retained Profit
115
652
128
Fixed assets at cost
1,765
2,285
4,915
Accumulated depreciation
192
422
1,690
Closing Inventory at cost
154
346
752
Trade receivables
384
961
1,589
Prepayments
55
192
230
Overdraft
176
211
2,262
Trade payables
190
308...
The comparative balance sheets for 2018 and 2017 and the statement of income for 2018 are...The comparative balance sheets for 2018 and 2017 and the
statement of income for 2018 are given below for Dux Company.
Additional information from Dux's accounting records is provided
also.
DUX COMPANY
Comparative Balance Sheets
December 31, 2018 and 2017
($ in 000s)
2018
2017
Assets
Cash
$
33
$
20
Accounts receivable
48
50
Less: Allowance for uncollectible accounts
(4
)
(3
)
Dividends receivable
3
2
Inventory
55
50
Long-term investment
15
10
Land
70
40
Buildings and...
The comparative balance sheets for 2018 and 2017 and the statement of income for 2018 are...The comparative balance sheets for 2018 and 2017 and the
statement of income for 2018 are given below for National
Intercable Company. Additional information from NIC’s accounting
records is provided also.
NATIONAL INTERCABLE COMPANY
Comparative Balance Sheets
December 31, 2018 and 2017
($ in millions)
2018
2017
Assets
Cash
$
106
$
95
Accounts receivable
280
275
Less: Allowance for uncollectible accounts
(8
)
(6
)
Prepaid insurance
4
10
Inventory
262
255
Long-term investment
50
75
Land
180
180...
The comparative balance sheets for 2018 and 2017 and the statement of income for 2018 are...The comparative balance sheets for 2018 and 2017 and the
statement of income for 2018 are given below for Dux Company.
Additional information from Dux’s accounting records is provided
also.
DUX COMPANY
Comparative Balance Sheets
December 31, 2018 and 2017
($ in 000s)
2018 2017
Assets
Cash $ 47 $ 27
Accounts receivable 51 61
Less: Allowance for uncollectible accounts (3 ) (2 )
Dividends receivable 5 4
Inventory 69 57
Long-term investment 29 17
Land 96 50
Buildings and...
The comparative balance sheets for 2018 and 2017 and the statement of income for 2018 are...The comparative balance sheets for 2018 and 2017 and the
statement of income for 2018 are given below for Dux Company.
Additional information from Dux's accounting records is provided
also.
DUX COMPANY
Comparative Balance Sheets
December 31, 2018 and 2017
($ in 000s)
2018
2017
Assets
Cash
$
121
$
40
Accounts receivable
43
71
Less: Allowance for uncollectible accounts
(5
)
(4
)
Dividends receivable
4
3
Inventory
100
95
Long-term investment
54
50
Land
95
85
Buildings and...
The comparative balance sheets for 2018 and 2017 and the statement of income for 2018 are...The comparative balance sheets for 2018 and 2017 and the
statement of income for 2018 are given below for Dux Company.
Additional information from Dux’s accounting records is provided
also.
DUX COMPANY
Comparative Balance Sheets
December 31, 2018 and 2017
($ in 000s)
2018
2017
Assets
Cash
$
52
$
31
Accounts receivable
41
78
Less: Allowance for uncollectible accounts
(3
)
(2
)
Dividends receivable
4
3
Inventory
100
95
Long-term investment
54
50
Land
95
85
Buildings and...
The comparative balance sheets for 2018 and 2017 and the statement of income for 2018 are...
The comparative balance sheets for 2018 and 2017 and the
statement of income for 2018 are given below for Dux Company.
Additional information from Dux’s accounting records is provided
also.
DUX COMPANY
Comparative Balance Sheets
December 31, 2018 and 2017
($ in 000s)
2018
2017
Assets
Cash
$
47
$
27
Accounts receivable
51
61
Less: Allowance for uncollectible accounts
(3
)
(2
)
Dividends receivable
5
4
Inventory
69
57
Long-term investment
29
17
Land
96
50
Buildings and...
The comparative balance sheets for 2018 and 2017 and the statement of income for 2018 are...
The comparative balance sheets for 2018 and 2017 and the
statement of income for 2018 are given below for Wright Company.
Additional information from Wright's accounting records is provided
also.
WRIGHT COMPANY
Comparative Balance Sheets
December 31, 2018 and 2017
($ in 000s)
2018 2017
Assets
Cash $ 143 $ 130
Accounts receivable 171 175
Short-term investment 70 30
Inventory 175 170
Land 130 160
Buildings and equipment 800 600
Less: Accumulated depreciation (235 ) (175 )
$ 1,254 1,090...
The comparative balance sheets for 2018 and 2017 and the statement of income for 2018 are...The comparative balance sheets for 2018 and 2017 and the
statement of income for 2018 are given below for Dux Company.
Additional information from Dux’s accounting records is provided
also.
DUX COMPANY Comparative Balance Sheets December 31, 2018 and
2017 ($ in 000s) 2018 2017
Assets Cash $ 57 $ 32
Accounts receivable 56 71
Less: Allowance for uncollectible accounts (5 ) (4 )
Dividends receivable 5 3
Inventory 79 62
Long-term investment 39 22
Land 123 64
Buildings and...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
ADVERTISEMENT
|