Social Studies, 04.12.2021 02:40, alaf05160

5) Condensed statement of financial position and income statement data for BRIGHT PLC appear below. Statements of Financial Position December 31 2017 2016 2015 Plant and equipment (net) £400,000 £370,000 £358,000 Investments 75,000 70,000 45,000 Other current assets 90,000 95,000 64,000 Accounts receivable (net) 50.000 45,000 48,000 Cash 25,000 20,000 18,000 £640,000 £600,000 £533,000 Share capital--ordinary, £10 par £345,000 £315,000 £300,000 Retained earnings 145,000 123,000 113.000 Non-current liabilities 80.000 87,000 50.000 Current liabilities 70,000 75,000 70.000 £ 640 000 £600,000 £533.000 Income Statement For the Years Ended December 31 2017 2016 sales revenue £ 740.000 £700,000 less: Sales retums and allowances 40,000 60,000 net sales 700,000 640,000 Post of goods sold 420,000 400,000 Gross profit 280,000 240,000 Operating expenses (including income taxes) 236,000 210.000 Net income £44,000 £30,000 Instruction A) Prepare horizontal analysis and vertical analysis. (B) Compute the following ratios for 2016 and 2017 (a) Profit margin (b) Asset turnover. (C) Earnings per share. (Weighted average ordinary shares in 2017 were 32.000 and in 2016 were 31.000.) (d) Price-earnings ratio. (e) Payout ratio (f) Debt to assets ratio. (C) Based on the ratios calculated discuss briefly the wprovement or lack thereof in financial position and operating results from 2016 to 2017 of BRIGHT PLC.

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5) Condensed statement of financial position and income statement data for BRIGHT PLC appear below....