Anyone please help, will aurely upvote if answers are relevant
MCD2150 Accounting for Managers Student Activity week 7: The business has been operating for two years now. Below are financial reports for JJ Asian Cuisine. Please calculate (show all workings) and comment on the following ratios for JJ Asian Cuisine 2021 Industry benchmark Return on equity 20% Return on assets 13% Profit margin 5% Asset turnover 2.5 Current ratio 2.5 Debt ratio 75% J & J Asian Cuisine Income Statement For period ending June 30 2021 30-Jun 30-Jun 2020 2021 Cash Sales 100,800.00 272,160.00 Credit Sales 43,200.00 116,640.00 Total Revenue 144,000.00 388,800.00 Grocery expense 39,400.00 106,380.00 Petrol expense 2,400.00 6,480.00 Wages expense 65,500.00 172,100.00 Packaging Supplies 8,000.00 21,600.00 133.33 133.33 Depreciation expense - Vacuum sealer Depreciation expense -Bowl sealing machine 600.00 600.00 Depreciation expense - website 400.00 400.00 Depreciation - car 2,000.00 2,000.00 Rent expense 15,840.00 15,840.00 Electricity and Gas 5,660.00 15,180.00 Water 440.00 1,120.00 Business registration fee 90.00 Interest expense 1,200.00 Total expenses 141,663.33 341,833.33 Profit/Loss 2,336.67 46,966.67 J & J Asian Cuisine Balance Sheet Statement As at 30/06/21 30-Jun 2020 30-Jun 2021 ASSETS Current Assets Cash 4,583.44 53,222.32 864.00 68.00 15,396.48 172.00 68,790.80 5,515.44 Accounts receivable Packaging Supplies Total current assets Non-current assets Bowl Sealing Machine Less Accumulated depreciation - Bowl sealing machine 3,000.00 3,000.00 600.00 2,400.00 1,200.00 1,800.00 800.00 800.00 Vacuum sealer Less Accumulated depreciation - vacuum sealer 133.33 266.67 533.33 666.67 Website Less Accumulated depreciation - website 1,200.00 400.00 1,200.00 800.00 400.00 Car Less Accumulated depreciation - car 800.00 15,000.00 2,000.00 13,000.00 16,866.67 15,000.00 4,000.00 11,000.00 13,733.33 Total non-current assets TOTAL ASSETS LIABILITIES 22,382.11 82,524.13 Current Liabilities 645.44 1,055.20 12,765.60 13,820.80 645.44 Accounts payable (Packaging Supplies) Accounts payable (Grocery supplies) Total current liabilities Non - current Liabilities Loan Total non-current liabilities TOTAL LIABILITIES 613.28 13,807.24 21,736.67 68,703.33 Net Asset OWNERS EQUITY Capital Contributions Profit made Drawings 21,736.67 20,000 2,336.67 600.00 46,966.67 Total owner equity 21,736.67 68,703.33 J&J Asian Cuisine Cash Flow Statement For year ending 30 June 2021 30-Jun 30-Jun 2020 2021 Cash Flows from operating activities: $ $ 374,267.52 143,136.00 39,400.00 90.00 93,614.40 Receipts from customers Payments to grocery suppliers Payments for business reg Payment of wages Payments for rent Payment for petrol payments for packaging supplies Electricity and Gas Water Payment of interest Net cash from operating activities 65,500.00 15,840.00 2,400.00 7,422.56 172,100.00 15,840.00 6,480.00 21,294.24 15,180.00 5,660.00 1,120.00 440.00 1,200.00 5,183.44 48,638.88 Cash Flows from investing activities: Purchase of Motor Vehicle Payment for vacuum sealer Payment for bowl sealing machine Payment for Website Net cash from investing activities 15,000.00 800.00 3,000.00 1,200.00 20,000.00 Cash Flows from financing activities Owner contributions Loan (bank) Drawings to owners Repayment of loan Net cash from financing activities Net cash Inflow (Outflow) Cash (at the beginning) Cash (at the end of the period) 20,000.00 10,000.00 600.00 10,000 19,400.00 4,583.44 48,638.88 4,583.44 4,583.44 53,222.32
