10:18 X Accounting Fundamen... Page ModuleLearning Outcomes from module syllabus Having completed the mode you wil be able to Discus who migree of france Understand the proper farewer eget urnes francia entre Appreciate the signed to construiting Integrales Uwata financiration form TASK DESCRIPTION PLEASE ANSWER ALL QUESTIONS QUESTION The following incerte do PLC torte y December 2000 Et ny 10% preences Detentu Plant and went 270 Stock 31 December 2020 . Coal of 578650 Debler 570.12 Trade 71.38 Chandan Retained growth January 2020 Ordinary dividend 2000 Preference dividend 30.000 Administrative per 3000 merest 2.000 Directions munion 5.000 Distribution 22.000 The following information et Corporation tax for the year laten Sedcom.000 sec December 2001 en been recorded in the edge courts yet Doods we were to December 2000. Pas This has been recorded in the edge account yet 4. The place would be induced Required: Per acolland Lessons for the year ended 31-Decenter 2.20 Kon Runtas KON Why do the start of francia pontonio? ma QUESTION 2 Chocopi inglised chociate and confectionery marant Alputate but are made woeddele growing but competitive manier Profit and Loss statement for the year ended 31 December 10:18 11 X Accounting Fundamen... QUESTION Checco please chocolate and confectionery and Alproduktet But we made worldwide are growing but competitive market in beweer branca Profit and Loss statement for the year ended 31 December 2000 2019 R 6.41 Cost of . Groot 3.50 Distribution costs 1437 1922) Marketing and writing costs 11.10 1214 Advertentie Operating pro 805 Professor of five Investment inte 22 erest payat Prous bien Taxation Non Current assets Intargile Property and Statement of Financial Position December 20 2010 5.00 1813 100 335 335 2232 Current Inventory Traderentes 15 2356 2200 2.72 SORT 5830 Totalsts Current Trade Cerrors Non erat bites Loans and other 05 220 Equity Ordinary than capital Spor Share 30 1.6 1941 2012 Additional information During 2000 auta vidend 256 was pe 2019.com The average share pricedure 2020 15.12.2012 001 Page 1 Required Cate the winter Chocope 2020 and 2012 them ROCH 2. RDE Eings por share Net profit margin * Sokong day 7. Debtors collection Cuent Good Thieroben The proces odber do Required Pretty Why done QUESTION 2 Chocollo But we made wigowing Profit and Loss statement for the year ander December Cais | Gross Droo Mong and Adre Polona offend Income Postfore Taxation Statement of Financial Position December 29 Now Current Portland Current Inventory Trade Cash Current Lander Evity Ordinary Red Additional information: During 2020 vided . There are 2012 15 22 R ROCE RE Emer 4 A Bongo Dutions Ouren Gear Inventor Using the information in the Inc of Choco QUESTION 1 The following balances relate to Kedison PLC for the year ended 31st December 2020 1 ordinary shares 310,000 10% 1 preference shares 300,000 4% Debentures 100,000 Plant and equipment 632,730 Stock at 31 December 2020 330,600 Sales 826,650 Cost of sales 578,650 Debtors 170,125 Trade creditors 171,355 Cash and bank 12,900 Retained profits at 1 January 2020 132,000 Ordinary dividend paid 20,000 Preference dividend paid 30,000 Administrative expenses 30,000 Interest paid 2,000 Directors remuneration 5,000 Distribution costs 28,000 1.840,005 1.840,005 The following information is relevant: 1. Corporation tax for the year is estimated at 68,000 2. Salesmen are owed commission of 3,000 in respect of December sales. It will be paid on 31st January 2021 and has not been recorded in the ledger accounts yet 3. Goods valued at 980 were sent to customers on 31 December 2020. Payment is due on 28 February 2021 This has not been recorded in the ledger accounts yet. 4. The preference shares should be included within equity Required: a) Prepare a Profit and Loss statement for the year ended 31 December 2020 for Kedison PLC and a statement of financial position as at that date. [40 marks) b) Why does the statement of financial position balance? [10 marks] Em QUESTION 2 Chocco plc is a long-established chocolate and confectionery manufacturer. All products are manufactured in the UK, but sales are made worldwide. It is a growing but competitive market. Given below are extracts from their financial statements, Profit and Loss statement for the year ended 31 December 2020 2019 Em Revenue 6,738 6,441 Cost of sales (3.235 13.096) Gross profit 3,503 3,345 Distribution costs (437) (422) Marketing and selling costs (1,324) (1,274) Administrative expenses 1937 1950) Operating profit 805 699 Profit/loss on sale of fixed assets 19 (5) Investment income 22 26 Interest payable (226) (181) Profit(loss) before taxation 620 539 Taxation (189) (173) Profit for the year 431 366 Statement of Financial Position as at 31 December Non-Current assets Intangible assets Property, plant and equipment Investments 2020 m 5,485 1,613 335 7433 2019 Em 5,809 1,605 318 Z.732 Current assets Inventory Trade receivables Investments Cash 708 1,249 145 201 303 659 1,287 232 177 2355 Total assets 9.736 10.087 Current liabilities Trade payables Other creditors (583) (1.928) (2,511) (655) 12.391) (3,046) Non current liabilities Loans and other borrowings (4.137) 14.129) Net assets 3.088 2.912 Equity Ordinary share capital (50p shares) 300 Share premium 1,071 Retained profits 1.717 3.088 Additional Information: 1. During 2020 a total dividend of 255m was paid (2019: 242m) Hi. The average share price during 2020 was 5.12 (2019: 4.00) 300 1,071 1541 2.912 5.000 2912 Additional Information: i. During 2020 a total dividend of 255m was paid (2019: 242m) The average share price during 2020 was 5.12 (2019: 4.00). Page 3 of 10 a. Required: Calculate the following ratios for Chocco plc for 2020 and 2019, showing the formulas and workings: 1- ROCE 2- ROE 3- Earnings per share 4. Net profit margin 5- Asset turnover 6- Stock holding days 7. Debtors collection period 8. Current ratio 9. Gearing ratio 10- Invertor cover [40 marks) b Using the information in the financial statements and the ratios you have calculated, comment on the financial performance and position of Chocco plc. [10 marks]