Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question No 1: (10 Marks) Construct the following Statenient with complete information for the year 2010 ending December 31 in a spreadsheet. Particulars Sales Revenue

image text in transcribed

Question No 1: (10 Marks) Construct the following Statenient with complete information for the year 2010 ending December 31 in a spreadsheet. Particulars Sales Revenue 2018 (Amount in OMR 500,000 ?? Z? ?? Z? 25.000 ?? ?? ?? Custof goods sold (55% of Sales) Gross Profit Indirect Expenses (25% of Sales) Operating Profit Oder incomes Net Income Before Tax | Incuiue Tax (15% lax rale) Net Income After Tax for the current year Equity Share Capital Share premium Current year - 2018 Total Shareholders' funds Intangible assets Tangible assets Investments in Joint ventures Total Fixed Assets (6 times of Sales Revenue) Current Liabilities Current Assets Return on Shareholders' funds Current Ratio Return on Total Assets 1,000,000 870,000 ?? ?? 283,600 2,386,000 ?? ?? 423,750 400,000 ?? ?? Z? (10 Marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Theory

Authors: Contemporary Accounting Issues

1st Edition

9780324107845

More Books

Students also viewed these Accounting questions