This is the correct version of Pepe's Balance Sheet as at 31.12.9-
These figures to be used for calculating the profitability, solvency and performance ratios test paper.
| £ | £ | £ | |
|---|---|---|---|
| FIXED ASSETS | |||
| Premises | 100,000 | ||
| Equipment | 8,000 | ||
| Machinery | ------- | ||
| Motor Vehicle | 20,000 | 128,000 | |
| CURRENT ASSETS | |||
| Stock | 5,500 | ||
| Debtors | 7,600 | ||
| Bank | ---- | ||
| Petty Cash | 200 | 13,300 | |
| LESS CURRENT LIABILITIES | |||
| Creditors | 5,000 | ||
| Bank Overdraft | 2,000 | (7,000) | 6,300 |
| CAPITAL EMPLOYED | 134,300 | ||
| less mortgage | 70,000 | ||
| £ 64,300 | |||
| FINANCED BY: | |||
| capital | 53,000 | ||
| net profit | 19,300 | 72,300 | |
| less drawings | (8,000) | ||
| £ 64,300 |
Go directly to Test Paper