Question
The following summarized financial statements were provided by Haydn Haye Ltd for 2015: Statement of Profit or Loss Statement of Financial Position Net Sales 1,200,000
The following summarized financial statements were provided by Haydn Haye Ltd for 2015:
Statement of Profit or Loss Statement of Financial Position
Net Sales
1,200,000
Non-Current Assets
890,000
Cost of Goods Sold
Current Assets
Opening Stock
28,000
Stock
58,000
add Net Purchases
520,000
Debtors
282,000
less Closing Stock
(58,000)
(490,000)
Receivables
15,000
355,000
Gross Profit
710,000
Total Assets
1,245,000
Net Operating Expenses
(235,000)
Capital & Reserves
Ordinary Shares @ $1
250,000
PBIT
475,000
10% Preference Shares @ $1
200,000
less Interest
(18,000)
Reserves
75,000
Profit before Tax
457,000
Retained Profits
420,000
945,000
less Tax
(40,000)
PAT
417,000
Non-Current Liability
10% Loan
180,000
add Retained Earning b/d
83,000
Total Profit for the Year
500,000
Current Liabilities
less Transfer to Reserves
(40,000)
Creditors
90,000
less Dividends
Bank Overdraft
30,000
120,000
Ordinary
20,000
Total Equity & Liabilities
1,245,000
Preference
20,000
(40,000)
Retained Earnings c/d
420,000
Market Price per Share
2.25
Required:
Calculate appropriate ratios under the headings of liquidity, solvency, profitability, asset management and investment for Haydn Haye for the year 2015.
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Banking Secrecy And Global Finance
Authors: Donato Masciandaro, Olga Balakina
1st Edition
1137400099, 978-1137400093
