Fine Beautiful Given The Following Year 12 Balance Sheet Data For A Footwear Company

Current Assets Cash Receivables 136500 3.

Given the following year 12 balance sheet data for a footwear company. Given the following Year 12 balance sheet data for a footwear company. Given the following Year 12 Financial Statement data for a footwear company. From the following information prepare a Cash Flow Statement - Rs Operating Cash Balance 15000 Closing Cash Balance 19000 Increase in Creditors 13000 Decrease in Debtors 17000 Fixed assets purchase 30000 Redemption of 12 debentures 14000 Profit for the year 18000Ans.

Income Statement Data Year 12 in 000s Net Revenues from Footwear Sales 350000 Operating Profit Loss 100000 Net Profit Loss 63000 Balance Sheet Data Cash on. Income Statement Data Year 12 in 000s Net Revenues from Footwear Sales 300000 Operating Profit Loss 75000 Net Profit Loss 45500 Balance Sheet Data Cash on Hand 10000 Total Current Assets 70000 Total Assets 320000 Overdraft Loan Payable 5000. It shows what your business owns assets what it owes liabilities and what money.

A classified balance sheet presents information about an entitys assets liabilities and shareholders equity that is aggregated or classified into subcategories of accounts. 8000 80500 88500 Problem 13. Balance Sheet Data Cash on Hand Total Current Assets Total Fixed Assets Total Assets Accounts Payable Overdraft Loan Payable 1-Year Bank Loan Payable Current Portion of Long-Term Bank Loans Total Current Liabilities Long-Term Bank Loans Outstanding Total Liabilities Year 11 Year 12 Shareholder Equity.

This will clear students doubts about any question and improve application skills while preparing for board exams. There is not enough information to determine this. The Balance Sheet is a statement that shows the financial position of the business.

The balance sheet is one of the three main financial statements along with the income statement and cash flow statement. As an example in year one well divide the companys Salaries expense 95000 by its sales for that year 400000. 30500 - 51000 20500 4.

Company A signs a one-year lease on a warehouse for 10000 a month. That result 24 will appear on the vertical analysis table beside Salaries. A balance sheet gives a snapshot of your financials at a particular moment incorporating every journal entry since your company launched.