Question: Based on the relationships in the Income statement and Statement of FinancialPosition, determine the missing figures for each of the 3 companies. AMT LTD GRANTLTD

Based on the relationships in the Income statement and Statement of FinancialPosition, determine the missing figures for each of the 3 companies.

AMT LTD

GRANTLTD

NATLEU LTD

Year end31/12/201731/12/201931/12/2018GH GH GH

DEBTORS25,000Q13

40,000

COST OF SALESQ1Q14

324,000

OTHER INCOME4,000Q15

12,000

LONG TERM INVESTMENTQ2

30,000Q25

EQUITY72,000Q16

280,000

TOTAL ASSETSQ3

130,000Q26

BANK4,000

8,000

12,000

FIXED ASSETS (ACCUMULATED DEP)40,000Q17

168,000

FIXED ASSETS (COST)Q4

200,000

420,000

FIXED ASSETS (NET BOOK VALUE)80,000Q18Q27

GROSS PROFITQ5

200,000Q28

CURRENT ASSETS36,000Q19Q29

RETAINED EARNINGSQ6

25,000

80,000

EXPENSESQ7

20,000

93,000

SHORT TERM INVESTMENTQ8

10,000

35,000

MARK UP % ON COSTQ9Q20Q30

NET PROFIT88,000Q21Q31 NET PROFIT TO SALES RATIO17.60%23.50%Q32

NON CURRENT ASSETQ10

80,000Q33

LONG TERM LIABILITIESQ11

45,000

154,000

SALESQ12Q22Q34

STATED CAPITAL58,000Q23Q35

CLOSING STOCKS5,000

12,000

15,000

GROSS PROFIT % OF SALES20%25.00%40.00% TOTAL EQUITY AND LIABILITIES126,000Q24Q36

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