Question: Particulars 2018 (Amount in OMR) 400,000 ?? ?? ?? ?? 25,000 ?? ?? ?? 1,000,000 500,000 ?? Sales Revenue Cost of goods sold Gross Profit

 Particulars 2018 (Amount in OMR) 400,000 ?? ?? ?? ?? 25,000

Particulars 2018 (Amount in OMR) 400,000 ?? ?? ?? ?? 25,000 ?? ?? ?? 1,000,000 500,000 ?? Sales Revenue Cost of goods sold Gross Profit (30% of Sales) Indirect Expenses Operating Profit (60% of Gross Profit) Other expenses Net Income Before Tax Income Tax (15% tax rate) Net Income After Tax for the current year Equity Share Capital Share premium Non-distributable capital reserve (74.3% of Equity share capital) Capital Redemption Reserve Revaluation Reserve Profit and Loss account (till the year ending 2017) Current year - 2018 Total Shareholders' funds Intangible assets Tangible assets Investments in Joint ventures Total Fixed Assets (7.5 times of Sales Revenue) Current Liabilities Current Assets Return on Shareholders' funds Current Ratio Return on Total Assets 120,000 370,000 220,000 ?? ?? 238,600 2,368,000 ?? ?? 407,050 400,000

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!