Consolidated Income Statement Archives

Prepare consolidated statement of financial position (CSFP) as at 31 Dec 2020 and consolidated income statement (CIS) for the year ended 31 Dec 2020. Show clearly all supporting workings.

By DanielPosted on July 12, 2021Posted in Math/Physic/Economic/Statistic ProblemsTagged assignmenthelp, collegeessays, Consolidated Income Statement, essayhelp, Gross profit, income statements

Income Statements for year ended 31 Dec 2020 Merry plc £ Pippin plc £ Sales 2,820,000 386,800 Cost of sales (1,856,000) (168,000) Gross profit 964,000 218,800 Operating expenses (524 000) (128,000) Profit from operations 440,000 90,800 Income from Investments 25,000 Interest (60 840) (6 300) Profit before tax 404,160 84,500 Tax (80,832) (26,500) Profit after […]

Analyze and interpret the earnings coverage ratios in (A).

By DanielPosted on June 24, 2021Posted in FinanceTagged assignmenthelp, Cash-flow, collegeessays, Consolidated Income Statement, dividends, essayhelp, Net Income

Ratio Analysis Exercises and Problems Use the net income statement for Summer Peebles, Inc., below, to do the following assigned problems. 1. Compute the following earnings coverage ratios: 1. Earnings to fixed charges. 2. Cash flow to fixed charges. 3. Earnings coverage of preferred dividends. 2. Analyze and interpret the earnings coverage ratios in (A). […]