Accounting Test Question IFS No 2 : Interpretation Of Financial Statements

November 7th, 2006 Comments off
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Accounting Test Question No IFS 2:

Append below Company XYZ’s Income Statement and Balance Sheet:

Income Statement ($’000)

2005

2004

Net Sales

7,050

6,200

Net Income

340

410

Balance Sheet ($’000):-

Assets

2005

2004

Current Assets

1,840

1,570

Property, plant and equipment ( net)

2,590

2,420

Total Assets

4,430

3,990

Current Liabilities

1,150

1,190

Long term liabilities

810

440

Paid-in capital

1,500

1,500

Retained earnings

970

860

Required:

(1) Determine the following ratios for 2005:

(a) profit margin on sales

(b) return on assets (ROA)

(c) return on shareholders’ equity

(2) Determine the amount of dividends paid to the shareholders during 2005

[ Refer Answer ]

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Financial Accounting

 
 

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