Prepare and present the economic balance sheet for Ceres Gardening Company and calculate the capital employed by the company.

study the balance sheet of a listed company

Operating Working CapitalWhich of the following activities will impact the working capital requirement of Ceres Gardening Company? (Note: More than one option may be correct.)Increased credit period to customers✕ IncorrectDecreased inventory of productsIncreased credit period by suppliers✕ IncorrectIncreased interest expenses due to increased debt✕ Incorrect

Prepare Trading and Profit & Loss Account and Balance Sheet from the followingTrial Balance

From the following information, prepare a manufacturing account and income statement for the year ending 31 December 2022 and a balance sheet as at 31 December 2022 for Getachew’s business: Sh Sh Purchase of raw materials 258,000 Fuel and light 21,000 Administration salaries 17,000 Factory wages 59,000 Carriage outwards 4,000 Rent and business rates 21,000 Sales 482,000 Returns inward 7,000 General office expenses 9,000 Repairs to plant and machinery 9,000 Inventory at 1 January 2022: Raw materials 21,000 Work-in-progress 14,000 Finished goods 23,000 Sundry accounts payable 37,000 Capital account 457,000 Freehold premises 410,000 Plant and machinery 80,000 Accounts receivable 20,000 Accumulated depreciation on plant and machinery 8,000 Cash in hand 11,000 984,000 984,000 Make provision for the following: (i) Inventory in hand at 31 December 2022: Raw materials Sh 25,000 Work-in-progress Sh 11,000 Finished goods Sh 26,000. (ii) Depreciation of 10% on plant and machinery using the straight line method. (iii) 80% of fuel and light and 75% of rent and rates to be charged to manufacturing. (iv) Allowance for doubtful debts: 5% of accounts receivable. (v) Sh 4,000 outstanding for fuel and light. (vi) Rent and business rates paid in advance: Sh 5,000 Manufacturing Trading and Income Statement for the year ending 31 December 2022 Sh Sh Sh Net sales Cost of raw materials used Factory wages Prime cost Fuel and light Rent and business rates Repairs to plant and machinery Depreciation for plant and machinery Manufacturing costs Add opening work in progress Total work in progress Less closing work in progress Cost of goods manufactured Add opening finished goods stock Total cost of goods available Less closing finished goods stock Cost of goods sold Gross profit Expenses; Fuel and light Salaries Rent and business rates Office expenses Selling and distribution expenses Financial charges (increase in provisions for doubtful debts) Net profit Balance Sheet as at 31 December 2022 Non-current assets Premises Plant and machinery (net book value) Total non-current assets Current assets; Raw material inventory Work in progress inventory Finished goods inventory Accounts receivable Prepayments Bank Total assets Current liabilities Accounts payable Accruals Net assets Financed by Closing capital Jump to...

Assets Liabilities  Accounts payable 25,000Cash 8, 000 Bank overdrafts 1,500Accounts receivables 10, 000 Long term loans 40,000Inventory 10, 000 Total liabilities 66,500Property, Plant and Equipment 100, 000 Shareholders Equity   Share capital 35,000  Retained earnings 26, 500Total Assets 128, 000 Total Liabilities and SE 128, 000 You have the following information from the balance sheet of Company X as at 30 June 2018.Calculate current ratio.