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Managing Financial Resources: Seminar 3; Questions Skint plc and Broke plc The Statements...

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Accounting

Managing Financial Resources: Seminar 3; Questions
Skint plc and Broke plc
The Statements of Financial Position of Skint plc and Broke plc for the year ending 31 March 2023 are as follows;
Non-current Assets (net book value)
Tangible Assets
Current Assets
Inventory (finished goods)
Debtors
Current Liabilities
Bank Overdraft
Accrued Expenses
Trade Creditors
Net Current Assets (Liabilities)
Non-current Liabilities
Debentures
Net Assets
Equity Capital & Reserves
Ordinary Share Capital (25p)
Profit & Loss Reserve
Total Equity Capital
Skint 000,000
288
140
90230
(82)
(121)
109
(105)
292
165
127?
292
Broke 000,000
410
160
83?
(150)
(284)
255
114
369
The Income Statements of Skint plc and Broke plc for the years ending 31.3.23 are as follows;
\table[[Turnover,800,640],[Cost Of Sales,(650)?,(478)?
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