Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Data extracts from Dormer's accounts are shown below Land & Buildings Plant Inventory Receivables Cash at Bank Total Assets Share Capital Reserves Long term loans

image text in transcribed

Data extracts from Dormer's accounts are shown below Land & Buildings Plant Inventory Receivables Cash at Bank Total Assets Share Capital Reserves Long term loans Payables Taxation Interest Total Liabilities & Equity Operating Profits Interest Taxation Profit for the Year Notes for the year to 31-Dec-21: Annual depreciation charges were 30,000. Plant (cost 15,000/depreciation 8,000) was sold for 4,000. Buildings costing 80,000 were sold for 110,000. A warehouse had been revalued by 60,000. Buildings/warehouses are not depreciated. Required: a) Prepare a statement of cashflows for Ye-Dec-21. b) Reconcile the annual movement in non-current assets. c) For Ye-Dec-21 calculate: Gearing, Current, and Quick Asset ratios Ye-Dec-21 279,000 75,000 65,000 52,000 64,000 535,000 165,000 195,000 110,000 51,000 8,000 6,000 535,000 37,000 -5,000 -11,000 21,000 Ye-Dec-20 228,000 72,000 53,000 63,000 14,000 430,000 115,000 84,000 158,000 62,000 5,000 6,000 430,000 [16 marks] [05 marks] [03 marks]

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Quality Audits Are Fun Journal Notes Checklists Questions Observations Evidence Log

Authors: Just Visualize It, The Quality Guy

1st Edition

1726628981, 978-1726628983

More Books

Students also viewed these Accounting questions

Question

What is quality of work life ?

Answered: 1 week ago

Question

What is meant by Career Planning and development ?

Answered: 1 week ago

Question

What are Fringe Benefits ? List out some.

Answered: 1 week ago