You are to study dhe following financial statements for two furniture stores and then ansner the...

 

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You are to study dhe following financial statements for two furniture stores and then ansner the question which follow. Financial Statements A S'000 B. S'O00 S'000 S'O00 Income Statements Sales Opening Inventory Add Purchases 2,500 1,600 190 2,100 (220) 110 1,220 (160) Less Closing Inventory Gross profit Less; Directors remuneration 2.070) 430 (1.170) 430 70 120 Wages and salaries Other expense Net profit 180 130 14 (264) 166 10 (260) 170 Statement of financial position Non-current assets Equipment at cost Less Acc. depreciation 264 98 (106) 158 36 62 Current Assets Inventory Accounts receivable Bank 220 104 75 160 29 399 557 10 199 261 Total Assets Share capital 200 100 69 100 368 General reserve 35 Retained profit SS 223 Corent llabiliies Accounts payable Total Capital and current liabilities 189 537 38 261 Required: After calculating appropriate ratios, prepare a report that comments on the recent performance and financial healdh of the two conpanies. You are to study dhe following financial statements for two furniture stores and then ansner the question which follow. Financial Statements A S'000 B. S'O00 S'000 S'O00 Income Statements Sales Opening Inventory Add Purchases 2,500 1,600 190 2,100 (220) 110 1,220 (160) Less Closing Inventory Gross profit Less; Directors remuneration 2.070) 430 (1.170) 430 70 120 Wages and salaries Other expense Net profit 180 130 14 (264) 166 10 (260) 170 Statement of financial position Non-current assets Equipment at cost Less Acc. depreciation 264 98 (106) 158 36 62 Current Assets Inventory Accounts receivable Bank 220 104 75 160 29 399 557 10 199 261 Total Assets Share capital 200 100 69 100 368 General reserve 35 Retained profit SS 223 Corent llabiliies Accounts payable Total Capital and current liabilities 189 537 38 261 Required: After calculating appropriate ratios, prepare a report that comments on the recent performance and financial healdh of the two conpanies.