Okay, I passed that test. Now there is another assignment for me to do.
I'm wondering if anybody could 'help' me with it.
Here goes (I don't understand any of it):
(some of it is written as a table, so I've seperated the different collumns with commas)
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The following information relates to the wholesale confectionery business of
J. Cooper.
You are required to write a report to management interpreting the profitability and financial stability position of the business for 1998 and 1999.
Unclassified Comparative Balance Sheets as at 30th June. ,1997,1998,1999
Equities, $000's ,$000's ,$000's
Creditors Control , 160, 180, 400
Bank Overdraft , - , - , 30
Accrued Expenses , 22 , 20 , 30
Capital - J. Cooper , 700 , 800 , 800
, 882 , 1000 , 1260
Assets Cash at Bank, 55 , 70 , -
Debtors Control , 200 , 170 , 250
Stock, 120, 110 , 290
Prepayments , 8 , 10, 10
Delivery Vehicles , 94 , 80 , 145
Fixtures and Fittings , 45 , 40 , 45
Land and Buildings , 360 , 520 , 520
, 882 , 1000 , 1260
Comparative Simplified Revenue Statementsfor the years ended 30th June , 1998, 1999
, $000's , $000's
Net Sales, 800, 1200
Less Cost of Goods Sold , 420, 720
Gross Profit, 380, 480
Less Expenses,
Selling , 150, 190
Administration, 60 , 70
Finance (excluding interest), 30, 57
Profit before interest, 140, 163
Interest expence, -, 3
Profit, 140, 160
Additional information:
- All sales and purchases are on credit
- Profits are withdrawn from the business throughout the year.
