Why is analysis of financial statements carried out?
【论述题】
Prepare the draft consolidated statement of profit or loss and draft consolidated statement of financial position for the Swing group at 31 December 20X8.
【论述题】
Prepare the following financial statements for Black.
The consolidated statement of profit or loss for the year ended 31 October 20X5.
(ii) The consolidated statement of financial position as at 31 October 20X5.
Calculate the net profit percentage ratio for Black and Bury and comment on this ratio for the two companies.
【论述题】
Calculate the goodwill on acquisition.
Prepare the consolidated statement of financial position for the Prestend group as at 31 October 20X7.Note. A working should be included for group retained earnings. Disclosure notes are not required.
【论述题】
Calculate the total goodwill arising on the acquisition of Everpool.
Prepare the consolidated statement of profit or loss for Liverton for the year ended 31 May 20X6.
【论述题】
Calculate the following ratios for Binky and Smokey:
(State the formulae used for calculating the ratios.)
Profitability ratios
Gross profit percentage
Net profit percentage
Asset turnover ratio
Liquidity ratios
Current ratio
Quick ratio (acid test ratio)
Receivables collection period
Compare and comment on the performance of the companies as indicated by the ratios you havecalculated in part (1).