Extracts from Chambers plcs financial statements are shown: Required: On the basis of the information provided, assess
Question:
Extracts from Chambers plc’s financial statements are shown:
Required:
On the basis of the information provided, assess any change in the profitability as well as liquidity position of Chambers during the year ended 31 December 2011, calculating not less than four accounting ratios to support your assessment of each aspect.
Transcribed Image Text:
Statement of financial position as at 31 December Non-current assets: Property, plant and equipment Current assets: Inventory Trade receivables Cash and bank balance 2011 £'000 £'000 £'000 516 478 32 960 2010 1,026 1,986 492 346 3 £'000 840 841 1,681 Statement of income year ended 31 December Operating profit Asset disposal Interest expense Profit before tax Taxation Profit after tax 2011 £'000 229 20 (24) 225 (41) 181 2010 £'000 224 - (48) 176 (35) 141
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Related Book For
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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