Question
You are working as a finance manager for BCF Ltd. The following data is available for the company as of 31 June 2020: Sales: 1,986,500
You are working as a finance manager for BCF Ltd. The following data is available for the company as of 31 June 2020:
Sales: 1,986,500
Cost of goods sold: $752,000
Other operating expenses: $125,000
Interest payment: $48,000
Corporate Tax: 35%
Required:
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The companys Management Board required you to prepare a report about working capital management of the company. What are the balance sheet items will you need to discuss in the report? (1 mark)
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Calculate operating profit, tax payment and build an income statement for the company? (3 marks)
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Calculate the operating profit margin (OPM) and total assets of the company given total assets turnover is 1.5 (2 marks)
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What is inventory turnover of the company, given average inventory is $77,000? (1 mark)
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