Accounting Test Question IFS No 2 : Interpretation Of Financial Statements

Accounting Test Question No IFS 2:

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

Income Statement ($’000)

Balance Sheet ($’000):-

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 ]