Case Study Bebop Services Ltd Bebop Services Ltd is a medium sized private limited company which offers services to various retail shopping centres across the United Kingdom. You have been accepted to start your 3 weeks work experience with the company in their Accounting and Finance Department. In week 3 your Line Manager requires you to write a report analysing and evaluating the Statements of Financial Position for Bebop Services Ltd. You have been given a deadline to complete the data analysis and a final report. You should present your accounting report in a professional manner, with appropriate headings, addressed to your line manager Bebop Services. Bebop Services has presented you with the required final accounts data and wants you to complete the tables to develop your numerical skills. Bebop wants you to complete all your data analysis evidence using IT software and add this evidence to your report. Task 1 Income Statement for Bebop Services Ltd for the years ending 31.06.2021 and 31.06.2020. 2021 () 2020 () Revenue/turnover 950,000 860,000 Cost of sales Opening inventory (Stock) Purchases Closing Inventory (Stock) 28,000 500,000 (30,000) 20.650 450,000 (25,000) Cost of Sales 498,000 445,650 Gross Profit 452,000 413,350 Service expenses 48,500 38,300 Admin expenses 30,500 26,800 Operating Profit 373,000 349,350 Interest 10,000 12,500 Net profit before tax 363,000 336,750 Taxation 46,700 36,500 Net profit after tax 316,300 300,250 Complete the Income Statement for Bebop Services Ltd for the years ending 31.06.2021 and 31.06.2020. Learning Outcomes Assessed: KU2 Analyse accounting data from Income Statements and Balance Sheets (Statement of Financial Position) and cash Flow Forecasts and explain how the information is applied when making business decisions. KES7 Demonstrate and display confidence in the use of numbers and ratios when calculating the financial position of a business Case Study Bebop Services Ltd Bebop Services Ltd is a medium sized private limited company which offers services to various retail shopping centres across the United Kingdom. You have been accepted to start your 3 weeks work experience with the company in their Accounting and Finance Department. In week 3 your Line Manager requires you to write a report analysing and evaluating the Statements of Financial Position for Bebop Services Ltd. You have been given a deadline to complete the data analysis and a final report. You should present your accounting report in a professional manner, with appropriate headings, addressed to your line manager Bebop Services. Bebop Services has presented you with the required final accounts data and wants you to complete the tables to develop your numerical skills. Bebop wants you to complete all your data analysis evidence using IT software and add this evidence to your report. Task 1 Income Statement for Bebop Services Ltd for the years ending 31.06.2021 and 31.06.2020. 2021 () 2020 () Revenue/turnover 950,000 860,000 Cost of sales Opening inventory (Stock) Purchases Closing Inventory (Stock) 28,000 500,000 (30,000) 20.650 450,000 (25,000) Cost of Sales 498,000 445,650 Gross Profit 452,000 413,350 Service expenses 48,500 38,300 Admin expenses 30,500 26,800 Operating Profit 373,000 349,350 Interest 10,000 12,500 Net profit before tax 363,000 336,750 Taxation 46,700 36,500 Net profit after tax 316,300 300,250 Complete the Income Statement for Bebop Services Ltd for the years ending 31.06.2021 and 31.06.2020. Learning Outcomes Assessed: KU2 Analyse accounting data from Income Statements and Balance Sheets (Statement of Financial Position) and cash Flow Forecasts and explain how the information is applied when making business decisions. KES7 Demonstrate and display confidence in the use of numbers and ratios when calculating the financial position of a business