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In: Accounting

ASSETS (1.1.) EUR EQUITY (1.1.) EUR Fixed assets 3400000 Shareholder's capital 2499000 Inventory 1360000 Retained...

ASSETS (1.1.)	EUR	EQUITY (1.1.)	EUR
Fixed assets	3400000	Shareholder's capital	2499000
Inventory	1360000	Retained earnings	0
Accounts receivable	0	Profit for the financial year	0
Cash and equivalents	1122000	DEBT (1.1)	-
		Loans	2975000
		Accounts payable	408000

The operating income of the financial period (1.1.-31.12.) is 3060000 €. In addition, the following is given on the events in the company during the financial period: The company has delivered products to the customers for a worth of 17000000 € according to the billing information. 15980000 € of this has been received from the customers. According to the bills, the company has received 7684000 € worth of materials of which 7299800 € has been paid. Naturally, the company has paid the bills of previous periods. According to the inventory taken, the value of inventory at the end of the financial year is 2244000 €. The company has also invested in its means of production (machines) with 408000 €. The total depreciation of the financial year is 680000 €. 595000 € of the loans has been amortized and 148750 € has been paid in interests. The income tax percentage is 20 %.

Give the following information for the balance sheet at the end of the year (31.12.) to the nearest euro.

a. Shareholder's capital =

b. Retained earnings and the profit for the financial year =

c. Long and short-term loans (only those with interest) =

d. Accounts payable =

e. Inventories =

f. Accounts receivable =

g. Cash and equivalents =

h. Fixed assets =

i. Working capital =

Expert Solution

This answer is based on my self knowledge

ekkarill92 answered 1 year ago

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