Question: Please Can you solve this Part 2: Answer Both Questions la. Prepare Comparative Statements - Balance Sheet and Income Statement, using HORIZONTAL ANALYSIS_for the following
Part 2: Answer Both Questions la. Prepare Comparative Statements - Balance Sheet and Income Statement, using HORIZONTAL ANALYSIS_for the following data: 20 marks Ib. From the calculations you have made in la, comment on the changes you observe for Preference share capital, Land & Buildings, Plant & Equipment, Accounts Receivable and Selling and Promotion expenses. 5 marks Equity share capital Preference share capital Sales revenue Accounts payable Stock of finished poods Cost of direct materials used Cost of direct labor Plant & Equipment 4-year Bank loan Cash at bank Cash at hand Land & Buildings Office and administrative expenses Reserves Selling and promotion expenses Accounts receivable 2028 (in BHD, 2021 in BHD K50 850 150 9,300 10.00 315 330 475 $10 3,000 3.050 2900 2950 950 700 LISO 1.150 50 45 10 5 1. 1:30 1.100 1.000 3RD 630 1,110 1.050 210 250 2. You have you been provided the following data for which you have been asked to compute various ratios for 2021 and comment on them based on a comparison to the Industry Average and Trend over the years. BK Corp Income Statement for the Year Ended, December 31, 2021 (in) Sales 1,000,000 Less: (i). Cost of goods sold 600,000 (ii). Operating expenses 90,000 (ii). Non-operating expenses 70,000 Net income before Tax 240,000 Less: Tax (20%) 48,000 Net income after Tax 192,000 Part 2: Answer Both Questions la. Prepare Comparative Statements - Balance Sheet and Income Statement, using HORIZONTAL ANALYSIS_for the following data: 20 marks Ib. From the calculations you have made in la, comment on the changes you observe for Preference share capital, Land & Buildings, Plant & Equipment, Accounts Receivable and Selling and Promotion expenses. 5 marks Equity share capital Preference share capital Sales revenue Accounts payable Stock of finished poods Cost of direct materials used Cost of direct labor Plant & Equipment 4-year Bank loan Cash at bank Cash at hand Land & Buildings Office and administrative expenses Reserves Selling and promotion expenses Accounts receivable 2028 (in BHD, 2021 in BHD K50 850 150 9,300 10.00 315 330 475 $10 3,000 3.050 2900 2950 950 700 LISO 1.150 50 45 10 5 1. 1:30 1.100 1.000 3RD 630 1,110 1.050 210 250 2. You have you been provided the following data for which you have been asked to compute various ratios for 2021 and comment on them based on a comparison to the Industry Average and Trend over the years. BK Corp Income Statement for the Year Ended, December 31, 2021 (in) Sales 1,000,000 Less: (i). Cost of goods sold 600,000 (ii). Operating expenses 90,000 (ii). Non-operating expenses 70,000 Net income before Tax 240,000 Less: Tax (20%) 48,000 Net income after Tax 192,000
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