Sean Paul is a trader in vinyl records The firm has provided the following data for...
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Sean Paul is a trader in vinyl records The firm has provided the following data for 2015: Condensed Income Statement Condensed Balance Sheet Net Sales Cost of Goods Sold Opening stock Add Net purchases Less Closing stotk Gross Profit Net Operating Expenses PBIT Less interest Profit before tax Less tax PAT Retained Earning b/d Total Profit for the Year Less Transfer to Reserves Less Dividends Ordinary Preference Retained Earning c/d Market Price per Share 53,000 410,000 (74,500) (120,000 (60,000) (45,000) 1,600,50 0 (388,500) 1,212,00 0 (515,500) 696,500 -40,000 656,500 (200,000) 456,500 300,000 756,500 (225,000) 531,500 3.75 Non Current Assets Current Assets Stock Debtors Bank Receivables Total Assets Capital & Reserves Ordinary Shares @ $1.00 10% Preference Shares @ $1 Reserves Retained Profits Non-Current Liability 10% Loan Current Liabilities Creditors Accounts Payable Total Equity & Liabilities 74,500 220,00 0 100,50 0 32,000 500,00 0 450,00 0 550,00 0 2,400.00 250.00 0 145,50 0 427,000 2,327,00 531,50 2,031,50 0 400,000 395,500 2,327.00 The following comparative ratios relate to ii in Dividend Cover Debtors Turnover Period Sean Paul's results in the preceding two years of 2013 and 2014 Shaggy, a main competitor who is also a performer and a promoter The average performance of the music industry. Current Ratio Net Profit Margin Creditors Turnover Total Assets to Total Liabilities Earnings Per Share Gearing Ratio ROSE Times Interest Earned L 11. 111. SHAGGY A Trend Analysis A Competitor Analysis A Industry Analysis 2013 5.45 times 20.58 days 2.89:1 22.34% 1.04 times 4.58:1 $0.68 32.11% 26.50% 16.45 times INDUSTRY 5.00 times 2014 32.66 days 2.50:1 25.50% 1.55 times 4.01 1 $.075 35.50% 25.50% 15.25 times Required a. Compute the corresponding ratios for Sean Paul for 2015 b. Comment briefly on the performance of Sean Paul in the areas solvency, profitability, asset management, and market investment, by way of c. What non-financial data would you find useful performance of Sean Paul? SEAN PAUL in your 2015 of liquidity, assessment of the Sean Paul is a trader in vinyl records The firm has provided the following data for 2015: Condensed Income Statement Condensed Balance Sheet Net Sales Cost of Goods Sold Opening stock Add Net purchases Less Closing stotk Gross Profit Net Operating Expenses PBIT Less interest Profit before tax Less tax PAT Retained Earning b/d Total Profit for the Year Less Transfer to Reserves Less Dividends Ordinary Preference Retained Earning c/d Market Price per Share 53,000 410,000 (74,500) (120,000 (60,000) (45,000) 1,600,50 0 (388,500) 1,212,00 0 (515,500) 696,500 -40,000 656,500 (200,000) 456,500 300,000 756,500 (225,000) 531,500 3.75 Non Current Assets Current Assets Stock Debtors Bank Receivables Total Assets Capital & Reserves Ordinary Shares @ $1.00 10% Preference Shares @ $1 Reserves Retained Profits Non-Current Liability 10% Loan Current Liabilities Creditors Accounts Payable Total Equity & Liabilities 74,500 220,00 0 100,50 0 32,000 500,00 0 450,00 0 550,00 0 2,400.00 250.00 0 145,50 0 427,000 2,327,00 531,50 2,031,50 0 400,000 395,500 2,327.00 The following comparative ratios relate to ii in Dividend Cover Debtors Turnover Period Sean Paul's results in the preceding two years of 2013 and 2014 Shaggy, a main competitor who is also a performer and a promoter The average performance of the music industry. Current Ratio Net Profit Margin Creditors Turnover Total Assets to Total Liabilities Earnings Per Share Gearing Ratio ROSE Times Interest Earned L 11. 111. SHAGGY A Trend Analysis A Competitor Analysis A Industry Analysis 2013 5.45 times 20.58 days 2.89:1 22.34% 1.04 times 4.58:1 $0.68 32.11% 26.50% 16.45 times INDUSTRY 5.00 times 2014 32.66 days 2.50:1 25.50% 1.55 times 4.01 1 $.075 35.50% 25.50% 15.25 times Required a. Compute the corresponding ratios for Sean Paul for 2015 b. Comment briefly on the performance of Sean Paul in the areas solvency, profitability, asset management, and market investment, by way of c. What non-financial data would you find useful performance of Sean Paul? SEAN PAUL in your 2015 of liquidity, assessment of the
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Related Book For
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
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