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Prepare a classified statement of financial position

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Reference no: EM13710752

Below are account balances, cash receipts and payments and other data for X Limited, a company that distributes chemical supplies, for the financial year that ended 30 June 2012 and 30 June 2013.

a) Prepare a classified statement of financial performance for 2012 and 2013

b) Prepare a classified statement of financial position for 2012 and 2013

c) From the company's financial statements, calculate the following ratios for the two years:

i) Return on Assets ratio

ii) Return on Equity ratio

iii) Net Margin

iv) Quick ratio

v) Current ratio

vi) Asset turnover ratio

vii) Average settlement period for debtors

viii) Average settlement period for creditors

d) Provide a report to management of X Limited Company giving advice based on your results from the ratios above.

Reference no: EM13710752

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