FINANCIAL ANALYSIS The extracts of the financial statements of
Micanfin Auto Spares (Pvt) Limited for 2017 are provided below:
Extract of the Statement of Comprehensive Income for the year ended
31 December 2017. Sales (credit) 1 288 000 Less cost of sales 650
000 Gross profit 638 000 Less Operating expenses 360 000 Operating
profit 278 000 Less interest expense 70 000 Profit before tax 208
000 Profit after tax 180 000 Extract of Statement of Financial
Position as at 31 December 2017. Non-current assets 1 140 000
Inventories 266 000 Debtors 300 000 Bank 220 000 Total assets 1 926
000 Ordinary share capital 1 000 000 Retained earnings 482 000
Non-current liabilities 240 000 Creditors 215 000 Total liabilities
1 926 000
No comments:
Post a Comment