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Presented below is the classified balance sheet for one of businesses: ABC PLC Consolidated Balance Sheet at December 31, 2019 CAPITAL EMPLOYED Fixed Assets: Intangible

Presented below is the classified balance sheet for one of businesses:

ABC PLC

Consolidated Balance Sheet

at December 31, 2019

CAPITAL EMPLOYED

Fixed Assets:

Intangible Assets

216,7 M

Tangible Assets

793,7

Investments

7,4

1,017,8

Current Assets

Stock

373,9

Debtors

624,2

Cash

175,6

1,173,7

Current Liabilities

Creditors: amounts falling due within one year

(502,3)

Net current assets

671,4

Total assets less current liabilities

1,689.2

Creditors: amounts falling due after more than one year

(488,4)

Provisions for liabilities and charges

(423,5)

Net Assets

777,3

CAPITAL AND RESERVES

Called up share capital

Ordinary shares

38,7

Convertible cumulative preference shares

337,2

Redeemable convertible cumulative preference shares

-

375,9

Share premium account

92,8

Capital redemption reserve

461,9

Own shares

(6.4)

Profit and loss account

(180,2)

Shareholders Funds

Equity shareholders funds 406,8

Non-equity shareholders funds 337,2

744,0

Equity minority interest

33,3

777,3

Required:

  1. Identify how format of the above classified balance sheet provides useful information.
  2. Identify at least three differences in balance sheet reporting between British and U.S. firms as shown in the above balance sheet. .

3.Calculate at least three financial ratios by using the information available in the above format of balance sheet .

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