Balance Sheet: 31 Oct 2020 Assets Bank Business Bank Account Total Bank $91,781.00 $91,781.00 Current Assets Accounts
Question:
Balance Sheet: 31 Oct 2020 Assets Bank Business Bank Account Total Bank $91,781.00 $91,781.00 Current Assets Accounts Receivable Prepayments Total Current Assets $13,301.00 -$860.00 $12.441.00 Fized Assets Computer Equipment Office Equipment Total Fixed Assets $2,454.55 $5,000.00 $7.454.55 Total Assets $111.676.55 Liabilities Current Liabilities Accounts
(a) Conduct a comparative analysis where you calculate and compare dollar changes or percentage changes in the balance sheet and income statement items or totals for the two fortnights of the month of October 2020 (fortnight ending 15.10.20 and fortnight ending 31.10.20). (b) Calculate the following ratios for both fortnights: ROA Profit margin Current ratio Receivables turnover (c) You then need to analyse the results and write a brief report (400 words) on the companys profitability and liquidity.
Financial Accounting an introduction to concepts, methods and uses
ISBN: 978-0324789003
13th Edition
Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis