Question
Read the case study, forgo Group Ltd. and respond to the following question. Refer to forge group Ltds. Financial report for June 30, 2013 and
Read the case study, forgo Group Ltd. and respond to the following question. Refer to forge group Ltds. Financial report for June 30, 2013 and answer the following question.
a. State the accounting equations at the beginning and end of the year and the change between the beginning and end of the year. State the change in the company's equity during 2013.
b. What is the main assets the company owns, and what it's its value? Compare this to the total equity.
c. Outline the largest expenses on the income statement. Compare them to the cash, debtors, creditors, and inventory balance.
d. State the total revenue and net profit attributable to members of FGL and EBIT.
e. Examine the reconciliation of cash flows from operations with the net profits after tax (npat). Outline the three major reconciliation items, and state how they changed.
f. Outline the change that have occurred in the company's financing activities.
g. For the years ending June 30, 2013 and June 30, 2012, compute the return on assets, profit margin, and current ratio
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started