Question One From the following information, prepare a statement accounting for the economic dimension of SNK Petit Limiteds sustainability activities. SNK Petit Limited Balance Sheets Summary as at 30 June 2021 and 2020 2021 2020 GH GH Cash 55,200 73,800 Debtors 94,000 98,000 Inventory 107,300 112,400 Plant and Equipment 149,000 102,300 Accumulated Depreciation (P&E) (46,000) (48,000) 359,500 338,500 Trade Payable 41,000 56,000 Accrued Salaries 28,200 5,500 Income tax Payable 18,000 15,000 Bank Loan 90,000 115,000 Paid Up Capital 100,000 80,000 Retained Earnings 82,300 67,000 359,500 338,500 Summary Income Statement 2021 Sales 384,000 Less COGS 198,000 Gross Profit on Sales 186,000 Other income 9,000 Gross Profit 195,000 Less expense: Depreciation 11,000 Interest 9,200 Wages and salaries 119,000 139,200 Profit before tax 55,800 Income Tax Expense 18,000 Profit after tax 37,800 Question Two Question Two MBA Ltd has been in operation since 2009. Below are extracts of the financial statements for some relevant years.

Income Statement for the year ended December 31 2021 2020 GH000 GH000 Sales 480,000 300,000 Cost of Sales (190,000) (120,000) Gross Profit 290,000 180,000 Dividend received 500 350 Discount received 30 80 290,530 180,430 Less Expenses: Depreciation 5,000 10,000 Donation to old boys association 100 90 Interest 9,200 5,500 Donations Osu Childrens Home 1,000 1,500 Donation to Legon Hospital 1,500 500 Discount allowed 200 400 Bad Debt 60 150 Wages & Salaries 120,000 129,000 137,060 147,140 Profit Before Tax 153,470 33,290 Tax Expense 30,700 6,800 Profit After Tax 122,770 26,490 Statement of Financial Position as at December 31 2021 2020 2019 GH000 GH000 GH000 Cash 55,200 63,800 79,500 Debtors 92,120 96,040 86,632 Inventory 107,300 112,400 135,500 Plant and Equipment 149,000 104,800 96,400 Accumulated Depn. (53,000) (48,000) (38,000) Dividend receivable 600 800 1,000 351,220 329,840 361,032 Trade Payable 41,000 56,000 45,500 Accrued Wages & Salaries 26,800 5,500 2,500 Bank Interest in Arrears 1,500 2,500 6,200 Income Tax Payable 26,000 5,000 9,000 Dividend Payable 420 340 232 Bank Loan 70,000 80,000 150,600 Paid-Up Capital 110,000 110,000 80,000 Retained Earnings 75,500 70,500 67,000 351,220 329,840 361,032 Additional Information: i. Seventy percent of total sales of MBA constitute credit businesses. ii. Sixty percent of the purchases are on credit. iii. Five percent of the cost of sales represent direct wages.. iv. The company pays dividend to shareholders every year. You are required to: a) Re-state the financial statement of MBA Company Ltd for the relevant years, showing the distribution of MBA economic value added. b) Based on the above (a), evaluate the performance of MBA Ltd over the years in the context of sustainability. Question Three NA2SAM Ltd has been operating over the past 20 years. Below are extracts of the financial statements for some relevant years. NA2SAM Company Ltd. Income Statement for the year ended December 31 2021 2020 GH000 GH000 Sales 384,000 255,000 Cost of Sales (198,000) (125,000) Gross Profit 186,000 130,000 Dividend 100 192 Less Expenses: Interest 9,800 6,000 Discount allowed 200 400 Bad Debt 60 150 Wages & Salaries 124,000 119,000 134,160 125,742 Profit Before Tax 51,840 4,258 Tax Expense 18,000 3,000 Profit After Tax 33,840 1,258 2021 2020 2019 GH000 GH000 GH000 Cash 55,200 63,800 79,500 Accounts Receivable 92,060 95,960 86,582 Dividend receivable 60 80 50 Inventory 107,300 112,400 135,500 Investment 10,000 8,000 6, 000 Plant and Equipment 149,000 104,800 96,400 Accumulated Depn. (43,000) (40,000) (32,000) 350,620 329,040 360,032 Accounts Payable 41,000 56,000 45,500 Accrued Wages & Salaries 26,200 5,500 2,500 Bank Interest in Arrears 1,500 2,500 6,200 Corporate Tax Payable 18,000 5,000 9,000 Dividend Payable 20 40 32 Bank Loan 88,000 115,000 158,600 Paid-Up Capital 100,000 80,000 70,000 Retained Earnings 75,900 65,000 68,200 350,620 329,040 360,032 Additional Information: v. Ninety percent of total sales of NA2SAM constitutes credit businesses. vi. Eighty percent of the purchases are on credit. vii. Five percent of the cost of sales of represents the salaries of factory staff. viii. Ninety-five percent of the accounts payable and receivables relates to trading. ix. The company pays dividend to shareholders every year. You are required to: c) Re-state the financial statement of NA2SAM Company Ltd for the relevant years, showing the distribution of NA2SAM economic value added. d) Based on the above (a), evaluate the performance of NA2SAM Ltd over the years in the context of sustainability.