The following is the income statement for Nikov and Co. for the year ended 31 December 2018,
Question:
The following is the income statement for Nikov and Co. for the year ended 31 December 2018, along with information relating to the preceding year.
Required:
Analyse the performance of the business for the year to 31 December 2018 in so far as the information allows.
Transcribed Image Text:
Income statement for the year ended 31 December 2018 £000 420.2 (126.1) 294.1 Sales revenue Cost of sales Gross profit Salaries and wages Selling and distribution costs Rent and rates Bad debts written off Telephone and postage Insurance Motor vehicle expenses Depreciation - delivery van - fixtures and fittings Operating profit Loan interest Profit for the year (92.6) (98.9) (22.0) (19.7) (4.8) (2.9) (10.3) (3.1) (4.3) 35.5 (4.6) 30.9 2017 £000 382.5 (114.8) 267.7 (86.4) (75.4) (22.0) (4.0) (4.4) (2.8) (8.6) (3.3) (4.5) 56.3 (5.4) 50.9
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 69% (13 reviews)
To analyze the performance of Nikov and Co for the year ending December 31 2018 we can use the information provided in the income statement and compar...View the full answer
Answered By
User l_998468
I have extensive tutoring experience, having worked as a private tutor for over three years. I have tutored students from different academic levels, including high school, undergraduate, and graduate levels. My tutoring experience has taught me to be patient, attentive to student needs, and effective in communicating difficult concepts in simple terms.
I have a strong background in statistics, probability theory, data analysis, and data visualization. I am proficient in using statistical software such as R, Python, and SPSS, which are commonly used in academic research and data analysis. Additionally, I have excellent communication and interpersonal skills, which enable me to establish rapport with students, understand their learning styles, and adapt my teaching approach to meet their needs.
I am passionate about teaching and helping students achieve their academic goals.
0.00
0 Reviews
10+ Question Solved
Related Book For
Financial Accounting For Decision Makers
ISBN: 9781292251257
9th Edition
Authors: Peter Atrill, Eddie McLaney
Question Posted:
Students also viewed these Business questions
-
The following is the income statement for Nikov and Co. for the year ended 31 December 2009, along with information relating to the preceding year. Required: Analyse the performance of the business...
-
The following is the income statement for Nikov and Co. for the year ended 31 December 2014, along with information relating to the preceding year. Income statement for the year ended 31 December...
-
Jim Shorts Company makes clothing for schools. Sales in 20X1 were $4,490,000. Assets were as follows: Cash $ 110,000 Accounts receivable 864,000 Inventory 493,000 Net plant and equipment 504,000...
-
The file CigaretteTax contains the state cigarette tax ($) for each state as of January 1, 2013. a. Construct an ordered array. b. Plot a percentage histogram. c. What conclusions can you reach about...
-
Wycliffe Company asks you to review its December 31, 2014, inventory values and prepare the necessary adjustments to the books. The following information is given to you. 1. Wycliffe uses the...
-
What is the city tax shown for Donna Phelps?
-
How might this alignment of interests occur?
-
Crissie just won the lottery, and she must choose between three award options. She can elect to receive a lump sum today of $61 million, to receive 10 end-of-year payments of $9.5 million, or to...
-
Module 8 Problem Set eBook Show Me How Land Transactions on the Statement of Cash Flows IZ Corporation purchased land for $500,000. Later in the year, the company sold a different piece of land with...
-
While on holiday, Helen had her credit cards and purse stolen from the beach while she was swimming. She was left with only 40, which she had kept in her hotel room, but she had three days of her...
-
Not-for-profit organisations are not interested in making a profit. Is this statement true? Does accounting and finance have a less important role to play in not-for-profit organisations than for...
-
Depreciation Calculations On January 1, 2008, MAC Corporation purchased a machine for $60,000. The machine cost $800 to deliver and $2,000 to install. At the end of 10 years, MAC expects to sell the...
-
Write out the form of the partial fraction decomposition of the function (see example). Do not determine the numerical values of the coefficients. x3 (a) x + 7x+6 9x+1 (b) (x + 1)3(x + 2) Submit...
-
You desire to make an 80% by weight vinyl acetate to 20% by weight styrene copolymer via free radical, emulsion polymerization. The r 1 and r 2 values for these monomers are 0.01 and 55,...
-
Q1)In a wheel and axle machine the diameters of the wheel and the axle are 450mm and 60mm respectively.The efficiency is 97%(0.97 per unit).When a body having a mass of 40kg is being lifted.Determine...
-
Smith & Chief Ltd. of Sydney, Australia, is a merchandising firm that is the sole distributor of a product that is increasing in popularity among Australian consumers. The company's income statements...
-
C. In lab, you measure the x & y components of a possible incompressible flow field as u = 2cxy; and where cand a are constants. v = c(a + x - y) 5. (04 pts) Short answer, what is necessary for the...
-
Lee Valley Tools (www.leevalley.com) sells high-quality woodworking tools across Canada through its retail stores and around the world through its website and catalogs. Although weekend hobbyists can...
-
Read the following description and Write a response of it. The discretion of public administrators can be decreased, but not altogether eliminated. Officials will use their discretion in any given...
-
Presented below is a draft set of simplified financial statements for Pear Limited for the year ended 30 September 2010. The following information is available: 1 Depreciation has not been charged on...
-
When preparing financial statements for the current period, Woden plc found that it had under-stated its revenue in error by 2 million in the previous period. How should the business report this...
-
Searching for an agreed framework of principles for accounting rules is likely to be a journey without an ending. Discuss.
-
A stock is expected to pay a dividend of $1.50 at the end of the year (i.e., D 1 = $1.50), and it should continue to grow at a constant rate of 10% a year. If its required return is 14%, what is the...
-
The Hobby Shop has a checking account with a ledger balance of $1,700. The firm has $2,400 in uncollected deposits and $4,200 in outstanding checks. What is the amount of the disbursement float on...
-
An investment will pay you $34,000 in 11 years. If the appropriate discount rate is 6.1 percent compounded daily, what is the present value? (Use 365 days a year. Do not round intermediate...
Study smarter with the SolutionInn App