Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Hi View Ltd. Statement of Comprehensive Income for the year ended 31st December 2011 and 2012 and the statement of financial position as at 31st December 2011 and 2012 are as follows:
Statement of comprehensive income for years ended 2011 and 2012
2011 ($m)
2012 ($m)
Sales
207
153
Cost of sales
(101)
(76)
Gross profit
106
77
Other expenses
(48)
Other operating income
4
Total
62
29
Interest revenue and similar income
2
64
Interest expense and similar charges
(4)
60
25
Tax on profit or loss on ordinary activities
(16)
(6)
Profit on ordinary activities after taxation
44
19
Retained profit brought forward from last year
30
56
74
75
Proposed dividend on ordinary shares
(18)
Retained profit carried forward
57
Statements of financial position as at 31st December 2011 and 2012
2011
($m)
2012
Current assets
Inventory
24
Accounts receivable
26
Cash at bank and in hand
27
1
Non-current assets
Land and buildings
110
130
Plant and Machinery
Total assets
249
237
Current liabilities
Accounts payable
23
20
Income tax payable
16
6
Dividend payable
14
Non-current liabilities
Debentures loans (10%)
40
Total liabilities
93
80
Net assets
156
157
Equity
Shareholders' equity
Paid up share capital
100
Retained profits
Total equity
In other expenses depreciation was included as follows:
2011 2012
Land and buildings $6 $10
Plant and machinery $10 $12
There were no non-current asset disposals in either year. In both years an interim dividend was paid within the financial year and a final dividend was paid just after the end of the year concerned.
Prepare a statement of cash flows for the company for 2012 together with a reconciliation of operating profit and cash from operations.
Calculating the Number of Periods. You expect to receive $25,000 at graduation in two years. You plan on investing it at 9 percent until you have $160,000. How long will you wait from now?
What is the list of the most popular functional currencies and what are the functional currency percentages?
Calculate the present value of the salary differential for completing the MBA degree and calculate the present value of the cost of the MBA program.
Compute all cash flows, discount rates and determine if the project should be undertaken and show both the equations and the variables, and show the equations with the variables inserted into the equations.
Compute the working capital, the current ratio, and the quick ratio after each of the following transactions, and record the results in the appropriate columns.
Explain the activity-based costing system and its limitations and A company can sell its products for $20 each. The variable cost of each product is $10.
what is the difference between open-end and closed-end mutual funds and discuss the different investment vehicles avaibles to consumers.
What is the operating income (EBIT) for both firms and what are the earnings after interest - Why are the percentage changes different
Suppose you own stock in the Lewis-Striden Drug Corporation. Assume you had expected following events to occur last month: and the government would declare that real GNP had increase 1.2% during the previous quarter.
Define what is meant by interest rate risk. Assume you are the manager of a $100 million portfolio of corporate bonds and you believe interest rates will fall. What adjustments should you make to your portfolio based on your beliefs?
A manufacturer distributed its riding lawn mowers through wholesalers & retailers. The retail selling price was $800, & manufacturing cost to the firm was $312.
Find the the best to invest and Discuss and explain each company using fundamental analysis or technical analysis and select the best one (using current information).
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd