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please do it in 40 minutes please urgently... I'll give you up thumb definitely 27. Using the Profit and Loss Statement and Balance Sheet, prepare
please do it in 40 minutes please urgently... I'll give you up thumb definitely
27. Using the Profit and Loss Statement and Balance Sheet, prepare a Financial Performance using the Horizontal Method. Profit and Loss Statement % Sales Commission Property Management Fees Gross Profit Expenses Net Profit 2009 500 000 120 000 620 000 590 000 30 000 Horizontal Analysis 2010 Difference 570 000 140 000 710 000 650 000 60 000 Balance Sheet Horizontal Analysis Difference 2009 2010 % ASSETS Current Assets Bank Trade Debtors Total Current Assets 35 000 31 000 66 000 59 000 28 000 87 000 Non-Current Assets Motor Vehicle Computers Total Assets 51 000 13 000 130 000 45 000 17 000 149 000 LIABILITIES Current Liabilities Trade Creditors Overdraft Total Current Liabilities 6 000 11 000 17 000 6 600 15 000 21 600 Non-Current Liabilities Lease Liability Total Liabilities 37 000 54 000 23 000 44 600 OWNERS EQUITY Capital Return on Earnings Total Owners Equity Total Liabilities & Owners Equity 60 000 16 000 76 000 60 000 44 400 104 400 130 000 149 000Step by Step Solution
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