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Please use the following balance sheet statment and income statment to calculate the following. please show all working and explanation (analysis). therefore, it is asking
Please use the following balance sheet statment and income statment to calculate the following.
please show all working and explanation (analysis).
therefore, it is asking for 2018 only
XYZ Muld-Sarvice Company Ltd BALANCE SHEET STATEMENT 2018 $ 2017 $ Assets Current Assets Cash on Hand Bank Accounts Accounts Receivables Allowance for Uncollectible Accounts Prepayments Associated Company Payable Inventory Total Current Assets 276,122 634,677 246,641 304,763 10,612,499 8,203,076 1,536,562 1,536,562 1,941,584 1,864,489 2,423,256 1,256,094 25,418,337 27,411,529 42,455,000 41,211,190 Long Term Assets Long Term Receivables Fixed Assets Total Long Term Assets 1,600,000 800,000 18,887,000 19,522,257 20,487,000 20,322,257 62,942,000 61,533,447 Total Assets Liabilities Current liabilities Associated Company Payable Accounts Payables Bank Overdraft 761,471 7,215,903 534,359 1,087,544 7,011,606 Total Current Liabilities 7.977,374 8,633,509 Loan Payables 6.948.902 6,091.233 14,926,275 14,724,741 Total Liabilities Shareholders' equity Share Capital Retained earings Total Equity 10.511.111 37.504,614 48,015.725 10,511,111 36,297,594 46.808,705 Notal liabilities and Equity 62.942.000 61,533.446 XYZ Multi-Service Company Ltd. INCOME STATEMENT Operating Revenues Less: COGS 2018 2017 $ $ 41,234,327 39,916,464 29,114,013 28,257,941 Gross profit 12,120,314 11,658,523 Less: General & Administrative Expense 11,315,658 10,388,893 Income After Expense 804,656 1,269,630 Other Income: Snacks Interest Income Other Income TOTAL OTHER INCOME: (16,244) 323,864 94,744 402,364 (38,761) 152,598 44,942 158,779 Net Income 1,207,019 1,428,408 36.297,594 34.869,186 Retained Earnings at Beginning of the Year Prior Year Adjustment Retained Earnings at the end of the year 37,504,614 36,297,594 2. Profitability ratios: 2.1 ROA 2.2 ROE Step by Step Solution
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