Leisure Zone Ltd. Departmental Accounts For the year ended December 31, 2023 Cinema Restaurant Bowling $ $
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Leisure Zone Ltd. | |||
Departmental Accounts | |||
For the year ended December 31, 2023 | |||
Cinema | Restaurant | Bowling | |
$ | $ | $ | |
Sales | 2,100.00 | 3,000.00 | 1,200.00 |
Beginning Inventory | 100.00 | 120.00 | 80.00 |
Purchases | 1,050.00 | 1,200.00 | 700.00 |
Ending Inventory | 80.00 | 105.00 | 65.00 |
Cost of Goods Sold | 1,070.00 | 1,215.00 | 715.00 |
Gross Profit | 1,030.00 | 1,785.00 | 485.00 |
Wages and Payroll | (200.00) | (150.00) | (130.00) |
Repairs and Maintenance | (50.00) | (40.00) | (20.00) |
Contribution | 780.00 | 1,595.00 | 335.00 |
Rent | (266.67) | (320.00) | (213.33) |
Light and Heat | (50.00) | (60.00) | (40.00) |
Insurance | (66.67) | (80.00) | (53.33) |
Administration & Accounting | (40.00) | (30.00) | (10.00) |
Personnel | (100.00) | (75.00) | (25.00) |
Canteen C osts | (10.00) | (7.50) | (2.50) |
Head office Costs | (40.00) | (57.14) | (22.86) |
General Expenses | (16.67) | (23.81) | (9.52) |
Depreciation | (3.33) | (4.76) | (1.90) |
Net Profit/Loss | 186.66 | 936.79 | (43.44) |
Based on the above statements, how to calculate the following ratios:
1 | Gross Profit Margin |
2 | Operating Profit Margin |
3 | Return on Capital Employed |
4 | Non-current asset turnover |
5 | Inventory turnover |
6 | Inventory days |
7 | Accounts receivable days |
8 | Accounts payable days |
9 | Current Ratio |
10 | Quick Ratio |
Related Book For
College Accounting A Practical Approach
ISBN: 978-0132564441
11th Canadian Edition
Authors: Jeffrey Slater, Brian Zwicker
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