Accounting for Managers: Calculation of Ratios, Comparison of Ratios, Accounting Treatment of Transactions
Question 1 Total marks for Q1. (15 marks) Financial statements of Nimbin Pty Ltd are presented below: Nimbin P/L Statement of Financial Position As at 30 June 2013 and 2014 ($000) Current assets Cash and cash equivalents Accounts receivables (all trades) Inventories Total current assets Non-current assets Property, plant and equipment Total non-current assets Total assets 2014 2013 $1,645 4,100 7,000 ______ 12,745 ______ $2,110 3,675 6,930 _____ 12,715 ______ 17,190 _______ 17,190 _______ $29,935 ======= 15,330 ______ 15,330 _______ $28,045 ====== Current liabilities ACC00724 Accounting for Managers, Assignment 1, S3 2017 Page 1 of 6 Payables Total current liabilities Non-current liabilities Interest-bearing liabilities Total non-current liabilities Total liabilities Equity Share capital Retained earnings Total equity $5,780 _______ 5,780 _______ $5,990 ______ 5,990 ______ 9,940 _______ 9,940 _______ $15,720 ====== 9,450 _____ 9,450 _______ $15,440 ====== $7,700 6,515 _______ $14,215 ====== $7,700 4,905 _______ $12,605 ====== Nimbin P/L Income Statement As at 30 June 2014 ($000) Revenues (net sales) Less: cost of sales Gross profit $55,000 35,100 _______ 19,900 _______ Less: Expenses ACC00724 Accounting for Managers, Assignment 1, S3 2017 Page 2 of 6 Selling and distribution expenses Administrative expenses
Added on 2023-06-15
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Accounting for Managers: Calculation of Ratios, Comparison of Ratios, Accounting Treatment of Transactions
Question 1 Total marks for Q1. (15 marks) Financial statements of Nimbin Pty Ltd are presented below: Nimbin P/L Statement of Financial Position As at 30 June 2013 and 2014 ($000) Current assets Cash and cash equivalents Accounts receivables (all trades) Inventories Total current assets Non-current assets Property, plant and equipment Total non-current assets Total assets 2014 2013 $1,645 4,100 7,000 ______ 12,745 ______ $2,110 3,675 6,930 _____ 12,715 ______ 17,190 _______ 17,190 _______ $29,935 ======= 15,330 ______ 15,330 _______ $28,045 ====== Current liabilities ACC00724 Accounting for Managers, Assignment 1, S3 2017 Page 1 of 6 Payables Total current liabilities Non-current liabilities Interest-bearing liabilities Total non-current liabilities Total liabilities Equity Share capital Retained earnings Total equity $5,780 _______ 5,780 _______ $5,990 ______ 5,990 ______ 9,940 _______ 9,940 _______ $15,720 ====== 9,450 _____ 9,450 _______ $15,440 ====== $7,700 6,515 _______ $14,215 ====== $7,700 4,905 _______ $12,605 ====== Nimbin P/L Income Statement As at 30 June 2014 ($000) Revenues (net sales) Less: cost of sales Gross profit $55,000 35,100 _______ 19,900 _______ Less: Expenses ACC00724 Accounting for Managers, Assignment 1, S3 2017 Page 2 of 6 Selling and distribution expenses Administrative expenses
Added on 2023-06-15
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