首页
登录
职称英语
May Ltd. has the following information:Balance Sheet as at 31 DecemberYear 1 Y
May Ltd. has the following information:Balance Sheet as at 31 DecemberYear 1 Y
游客
2025-06-21
25
管理
问题
May Ltd. has the following information:
Balance Sheet as at 31 December
Year 1 Year 2 Year 3
($ ’000) ($ ’000) ($ ’000)
Fixed Assets (net) 1,600 2,250 5,750
Stock 1,500 2,000 3,500
Debtors 3,025 5,000 6,250
Bank 2,000 1,250 -
8,125 10,500 15,500
Creditors 2,000 2,500 3,100
Taxation 125 140 150
Overdraft - - 1,750 6,000 7,860 10,500
Financed by
$1 ordinary shares 500 500 500
Reserves 3,250 5,110 7,750
Bank loan(6% above prime rate due 31/12/2009) 2,250 2,250 2,250 6,000 7,860 15,500
Market price per share $25 $20 $16
Profit and Loss Accounts for the year ended 31 December
Year 3 Year 4 Year 5
($ ’000) ($ ’000) ($ ’000)
Sales (all credit sales) 24,000 25,000 26,500
Cost of sales 15,000 17,500 19,000
Gross profit 9,000 7,500 7,500
Salaries 2,500 2,000 1,900
Selling and delivery 4130 360 320
Advertising 1,100 1,200 1,300
Other expense 1,375 490 480
Net profit before taxation 3,625 3,450 3,500
Required:
(a)Calculate the following ratios for Year 3, Year 4 and Year 5 (please show format):
(i)Liquid ratio
(ii)Current ratio
(iii)Debtors collection period (days)
(iv)Stock turnover
(v)Capital turnover
(vi)Return on assets employed
(vii)Gross profit margin
(viii)Earning per share
(ix)Price/Earning ratio
(b)Comment on the performance of the company over the three-year period using the ratios calculated above.
选项
答案
(a)[*]
(b)By Year 5 the company was experiencing very serious liquidity problems. The liquid ratio was 1.25. And the company had a bank overdraft of $1,750 on Year 5. It is a dangerous signal.
As for activity ratios, the debtors Collection period was increasing from 46 days (in Year 3)to 86.10 days (in Year 5). The stock turnover was decreased to 6.91 times in Year 5. The capital turnover ratio was decreased from 2.68 times to 2.04 times (Year 5).
The profitability was also worse in the three year period. Return on assets employed decreased from 73.72% (Year 4) to 50.51% (Year 5). The gross profit margin was gradually decreased from 37.5% (year 3) to 30% (Year 4) and further decreased to 28.3% (Year 5).
It was clear from the above analysis that the company was in need of finding more long-term funding in order to survive. It must try to increase its profit margin and cut cost in order to have more profit.
解析
转载请注明原文地址:http://tihaiku.com/zcyy/4128472.html
相关试题推荐
ThefollowingledgerbalancesareextractedfromthebooksofWhiteTradingComp
ThefollowingarethesummarizedfinancialstatementsofMr.Wong’sbusinessfor
Afterthefirstyearoftrading,Mr.Wongprovidedyouthefollowinglistofled
Asat31DecemberYear8,SamLtd’scashbookshowedadebitbalanceof$1,055,
Basicaccountingassumptionsincludethefollowingexcept______.A、goingconcern
Theselecteddatapertaintoacompanyat31December2003asthefollowing:Qui
Forpurposeofrecordingaccountinginformation,eachcompanyisconsideredtob
ThefollowingfinancialstatementsrelatetoBlueTingfortheyearended31Dec
ThesummaryBalanceSheetofBillyTradingCompanyon1April2003wasasfollo
Abusinesshasthefollowingfiguresfortheyearended31December2000$Stoc
随机试题
Manyofthemostflexibleexamplesoftooluseinanimalscomefromprimates
Forthispart,youareallowed30minutestowriteacompositionentitledCan
OnDecember5,1945,at2:00pm,agroupof【C1】______tookoffinperfectwe
PASSAGETWO[br]Whywillrecentjobopportunitiesbesmall?Becausethere’sstil
《普通高中化学课程标准(实验)》指出:化学课程体系应适应不同发展需要和不同志趣的
在间接融资方式下,融资的主动权主要掌握在()手中。A.资金需求者 B.资金供
Thechangeinthatvillagewasmiraculou
患者,女性,30岁,乏力、食欲减退、咳嗽1个月,低热、盗汗1周,胸片示右肺上叶尖
收货单位向运达地县级人民政府公安机关办理运输许可证时,提交的资料不包括()。A.
关于质量管理体系七项原则的说法,正确的有()。A.成功的组织持续关注改进 B
最新回复
(
0
)