Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The two photos are one question. AA LIMITED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR TO 31 DECEMBER 2014 2013 GHS'000 160 (96) 2014 GHS'000

image text in transcribed

image text in transcribed

The two photos are one question.

AA LIMITED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR TO 31 DECEMBER 2014 2013 GHS'000 160 (96) 2014 GHS'000 Sales Cost of goods sold Gross Profit Operating expenses Debenture Interest Net profit before tax 200 (114) 86 (34) 64 47 (12) 35 29 Net profit after tax Dividend paid: Preference shares Ordinary shares 20 (10) (12) 23 (10) Retained profit 10 STATEMENT OF FINANCIAL POSITION AT 31 DECEMBER 2014 2013 GHS'000 300 2014 GHS 000 Non-current assets (@ net book value) Current Assets: Inventories Trade debtors Cash and bank 320 15 20 40 58 71 Current Liabilities Trade creditors Net current assets (25) 36 Page 9 of 12

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

Financial Statement Analysis

Authors: Martin S. Fridson, Fernando Alvarez

5th Edition

1119457149, 978-1119457145

More Books

Students also viewed these Finance questions