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please help me do all MARCON VENTURES Income Statements for the year Ended 31 December 2018 GHS Millions Sales 195 Less cost of goods sold
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MARCON VENTURES Income Statements for the year Ended 31" December 2018 GHS Millions Sales 195 Less cost of goods sold 117 Gross profit 78 Less selling, general & admin expenses 39 Operating profit 39 Less interest expenses 4 Net profit before tax 35 Less tax 19 Net profit after tax 16 Dividends 6 Retained profits 10 2019 GHS millions 225 140 85 48 37 34 12 12 6 16 GHS million 138 14 124 Statement of financial position as at 31 December 2018 2019 GHS GHS GHS million million million ASSETS Gross plant, property & equipment 120 Less accumulated depreciation 12 Net plant, property, and equipment 108 CURRENT ASSETS stock 70 80 debtors 35 45 cash 20 18 TOTAL ASSETS 233 FINANCED BY: Equity share capital 140 10% preference share 10 Retained earnings 10 160 125 267 150 10 16 176 60 60 Long-term loans CURRENT LIABILITIES Trade creditors Tax and dividends 10 20 11 267 233 Notes i. Equity share capital outstanding was 100,000 at the end of 2019. The market price of the share at the end of 2019 was GHS1,800. Il. iv. V. ix. A. Using Marcom Ventures financial statements calculate for year 2019 (using end-of- year figures), the following ratios and comments on the performance of Marcom Ventures. Price earnings ratio Times interest earned ratio Quick ratio Return on assets. Net profit margin vi Cash coverage ratio vill. Number of days inventory vill Number of days receivables Number of days payables * Operating cycle Net operating cycle Current ratio Quick ratio xiv, Cash ratio Debt-to-asset ratio xvi. Debt-to-equity ratio xvil. Financial leverage xvill. Gross profit margin xix. Operating profit margin xx Net profit margin Pre-tax profit margin xi. xit. xill. xv. il. Times interest earned ratio I. Quick ratio Return on assets. V. Net profit margin vi. Cash coverage ratio vil. Number of days Inventory vill Number of days receivables ix Number of days payables X. Operating cycle XI. Net operating cycle xi. Current ratio XV Debt-to-asset ratio xili. Quick ratio xiv. Cash ratio - xvi. Debt-to-equity ratio xvii. Financial leverage xvill. Gross profit margin xix. Operating profit margin XX. Net profit margin xxl. Pre-tax profit margin xxii. Earnings per share xxiii. Book value per share xxiv. Dividend per share xxv. Dividend payout ratio B. Explain THREE (3) limitations of the use of financial statement in assessing the performance of companiesStep by Step Solution
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