Task A
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You have been presented with the following extract from the accounts for the year ended 30
September 2019 of Smilie Nyero a sole trader. £
Bank Balance 10,300
Capital 125,000
Credit Sales 500,000
Drawings 30,500
Electricity and Gas 9,300
Plant and Machinery at Cost 153,250
Loan due for Repayment 21.10.2025 200,000
Loan Interest paid 15,000
Motor Vehicles at Cost 44,000
Motor Vehicles Expenses 10,400
Opening Inventory 32,500
Purchases 250,300
Additional information:
The Motor Vehicles and Plant and Machinery need to be depreciated.
I. Motor Vehicles will be depreciated at 25% reducing balance.
II. Plant and Machinery will be depreciated over eight years.
1. Calculate the annual depreciation that should be charged to the Statement of Profit or Loss (Income Statement) for Smilie Nyero for the year ended 30 September 2019.
2. What are the carrying amounts of the non-current assets that will be shown in the Statement of Financial Position at 30 September 2019?
Task B
Calculate the Operating Profit % and the Profit After Tax % for 2019 and 2018 for Sainsbury’s Group Plc. Comment on the ratios you have calculated and their changes over the two years.
Task C
Calculate Gearing and Debt ratios for 2019 and 2018 for Sainsbury’s Group Plc. Comment on the ratios you have calculated and the changes over the two years.
Task D
1. What is the Cash Conversion Cycle?
2. Calculate the Cash Conversion Cycle for Sainsbury’s Group Plc for the years 2019 and 2018.
3. Comment on the ratios you have calculated and the changes over the two years
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