19 Aug The following details concern the busines
The following details concern the business of Helena Beauty, who is worried about the profitability and financial situation of her business at 30 June 2018, especially since the bank is requiring repayment of its overdraft.
30 June 2017 30 June 2018
Sales (credit) $60,000 $90,000
Cost of sales 39,000 63,000
All other expenses 12,000 21,000
Cash at Bank 12,000 (18,000)
Inventory 18,000 33,000
Accounts Receivable (net) 12,000 30,000
Non-current assets (net) 24,000 48,000
Accounts Payable 6,000 9,000
Non-current liabilities nil 12,000
Helena Beauty, Capital 60,000 72,000
Inventory at 1 July 2016 was $15,000
Accounts receivable at 1 July 2016 were $10,000
Helena Beauty, Capital as at 30 June 2016, $56,000
a) Calculate the following ratios for 2017 and 2018 (1.5 marks each)
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Writedemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.
