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E 3 a. Based on the following information extracted from the Income Statement and Balance Sheet of XYZ Company calculate: The missing figures in the
E 3 a. Based on the following information extracted from the Income Statement and Balance Sheet of XYZ Company calculate: The missing figures in the table. (1.5 mark) The efficiency ratios for year 2018 and 2019. (7 marks) Based on your results from (b) comment on the efficiency of the company in managing current assets and liabilities. (1.5 marks) b. C. Particulars 2018 2019 OMR OMR Total Sales (30% cash sales) 1120,000 III (1.5 marks) Particulars 2018 2019 OMR OMR Total Sales (30% cash sales) 120,000 130,000 19,000 Opening inventories Closing inventories 22,000 15,000 Net purchases (25% cash purchases) 80,000 85,000 Direct wages 8,000 9,000 Carriage inwards 3,000 3,500 Opening balance of debtors 10,000 banan Closing balance of debtors 116000 Closing inventories 22,000 15,000 Net purchases (25% cash purchases) 80,000 85,000 Direct wages 8,000 9,000 Carriage inwards 3,000 3,500 10,000 20,000 15,000 Opening balance of debtors Closing balance of debtors Opening balance of creditors Closing balance of creditors 15,000 12,000 18,000
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