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INCOME STATEMENT Particulars Amount Income 56,897,573 Revenue 56,875,221 Interest Earned 22,352 Expenses Cost of Sales: 32,775,264 Cost of Goods Sold 32,733,149 Utilities Expense 42,115 Gross

INCOME STATEMENT
Particulars Amount
Income 56,897,573
Revenue 56,875,221
Interest Earned 22,352
Expenses
Cost of Sales: 32,775,264
Cost of Goods Sold 32,733,149
Utilities Expense 42,115
Gross Profit:
Operating Expenses: 13,345,676
Salaries Expense 3,255,449
Rent Expense 956,224
Depreciation Expense: Equipment 321,588
Depreciation Expense: Building 459,887
Bad Debt Expense 896,338
Insurance Expense 1,100,365
Interest Expense 1,555,300
Income Tax Expense 4,800,525
Operating Profit: 18,397,451
Profit: 10,776,633

BALANCE SHEET
Particulars Amount
Assets
Current Assets: 21,322,431
Cash 2,690,644
Accounts Receivable 5,890,887
Inventory 12,595,645
Prepaid Insurance 145,255
Non Current Assets: 29,715,924
Equipment 15,799,800
Accumulated Depreciation: Equipment -3,244,001
Building 18,560,325
Accumulated Depreciation: Building -5,655,225
Land 4,255,025
Total Assets: 51,038,355
Liabilities
Current Liabilities: 11,194,411
Unearned Revenue 668,236
Accounts Payable 5,663,200
Salaries Payable 145,250
Interest Payable 67,500
Income Taxes Payable 4,650,225
Non Current Liabilities: 15,500,000
Long Term Loan @ 5% p.a. 15,500,000
Total Liabilities: 26,694,411
Equity
Common Stock 280,000
Additional Paid In Capital 5,320,000
Retained Earnings for the year 14,544,321
Profit for the year 10,776,633
Dividends -6,577,010
Total Equity: 24,343,944

From the given financial statements calculate and choose the correct: Operating Ratio

Question 1 options:

33.5%
48.4%
53.4%
66.9%

From the given financial statements calculate and choose the correct: Debt Equity Ratio

Question 2 options:

0.75
0.45
0.55
0.65

From the given financial statements calculate and choose the correct: Capital Turnover Ratio

Question 3 options:

2.2
1.1
1.9
1.4

From the given financial statements calculate and choose the correct: Gross Profit Ratio

Question 4 options:

66.9%
42.4%
48.4%
33.5%

From the given financial statements calculate and choose the correct: Utilities Expense Ratio

Question 5 options:

1.0%
0.05%
0.09%
0.07%

From the given financial statements calculate and choose the correct: Return on Capital Employed Ratio

Question 6 options:

66.9%
53.4%
43.00%
33.03%

From the given financial statements calculate and choose the correct: Salaries Expense Ratio

Question 7 options:

8.0%
7.1%
5.7%
6.3%

From the given financial statements calculate and choose the correct: Operating Ratio

Question 8 options:

33.5%
48.4%
53.4%
66.9%

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