Question: Note: please do it fast thanks..... INCOME SURPLUS ACCOUNT 2007 GH 30,820 11,660 42,480 2,400 40.080 2006 GH 23,540 9.520 33,060 2.240 30.820 Balance at

 Note: please do it fast thanks..... INCOME SURPLUS ACCOUNT 2007 GH

Note: please do it fast thanks.....

INCOME SURPLUS ACCOUNT 2007 GH 30,820 11,660 42,480 2,400 40.080 2006 GH 23,540 9.520 33,060 2.240 30.820 Balance at 1st October Add: Profit for the year Less: Dividend Balance at 30th September You are required to: a. Calculate, for each year, two ratios for each of the following user groups, which are of particular significance to them: i. Shareholders ii. Trade Creditors iii. Management b. Make brief comments upon the changes, between the two years, in the ratios calculated in (a) above. INCOME SURPLUS ACCOUNT 2007 GH 30,820 11,660 42,480 2,400 40.080 2006 GH 23,540 9.520 33,060 2.240 30.820 Balance at 1st October Add: Profit for the year Less: Dividend Balance at 30th September You are required to: a. Calculate, for each year, two ratios for each of the following user groups, which are of particular significance to them: i. Shareholders ii. Trade Creditors iii. Management b. Make brief comments upon the changes, between the two years, in the ratios calculated in (a) above

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!