Question
Trial balance of TK investments as at 30 June 2020 Account Dr Cr PPE 30 000 Bank 15 000 Investment in associate 20 000 Prepaid
Trial balance of TK investments as at 30 June 2020
Account Dr Cr
PPE 30 000
Bank 15 000
Investment in associate 20 000
Prepaid expense 5 000
Inventory 3 000
Share capital 100 000
Loan 50 000
Retained earnings 200 000
Trade receivables 30 000
Trade payables 40 000
Interest expense 5 000
Interest income 300
Revenue 75 000
Salary 35 000
Cost of sales 20 000
Profit
Tax expense
Net Profit after tax
Calculate the following:
Working capital cycle (6 marks)
Du Pont analysis (6 marks)
Gross profit margin (2 marks)
Operating profit margin (2 marks)
Net profit margin (2 marks)
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Auditing Cases An Active Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
2nd Edition
0130674842, 978-0130674845
