Analyse Business and Financial Data One of your clients sent you their latest Financials, but the...
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Analyse Business and Financial Data One of your clients sent you their latest Financials, but the quality of the scanned copy provided does not allow to read the numbers properly. Analyse the business data below and complete the missing fields (blue highlighted) in the following Profit & Loss Statement. Sales Total Revenue COGS Opening stock Purchases Expenses Director fees & salaries Transport Insurance Depreciation Electricity fees Revenue Rent Bank Fees Accounting fees Total COGS GROSS PROFIT Total expenses NET PROFIT BEFORE TAX Adjusted NCOS 2022 $ 550,000.00 $ 550,000.00 $ $ $ $ $ 154,000.00 $ 98,000.00 $ 200,000.00 $ 14,000.00 $ 6,000.00 $4,000.00 $ 3,000.00 $ 29,000.00 $ $90,000.00 $ 125.00 $ 2,500.00 2021 $ 490,000.00 $ $140.000.00 $ 112,000.00 $ $ $ 195,000.00 $ 15,000.00 $ 5,500.00 $ 4,000.00 $ 3,700.00 $ 29,000.00 $100.00 $ 2,300.00 $ $ 70,000.00 $ $ Analyse Business and Financial Data One of your clients sent you their latest Financials, but the quality of the scanned copy provided does not allow to read the numbers properly. Analyse the business data below and complete the missing fields (blue highlighted) in the following Profit & Loss Statement. Sales Total Revenue COGS Opening stock Purchases Expenses Director fees & salaries Transport Insurance Depreciation Electricity fees Revenue Rent Bank Fees Accounting fees Total COGS GROSS PROFIT Total expenses NET PROFIT BEFORE TAX Adjusted NCOS 2022 $ 550,000.00 $ 550,000.00 $ $ $ $ $ 154,000.00 $ 98,000.00 $ 200,000.00 $ 14,000.00 $ 6,000.00 $4,000.00 $ 3,000.00 $ 29,000.00 $ $90,000.00 $ 125.00 $ 2,500.00 2021 $ 490,000.00 $ $140.000.00 $ 112,000.00 $ $ $ 195,000.00 $ 15,000.00 $ 5,500.00 $ 4,000.00 $ 3,700.00 $ 29,000.00 $100.00 $ 2,300.00 $ $ 70,000.00 $ $
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Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
Posted Date:
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