solve in microsoft word Assignment Scenario 2: Apple Ple The statements of financial...

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solve in microsoft word
Assignment Scenario 2: Apple Ple The statements of financial position of Apple Ple, a company trading as a wholesaler, as of 31" December 2020 and 2019 were as follows: 2020 2019 RO-900-RO-000 RO800RO-000 Assets Non-current assets Cost or valuation Accumulated depreciation 162.400 64,000) 98.400 126.300 50.000) 76,300 Current assets Inventories Accounts receivable (trade) Kash Total Assets 15.000 114 KW 2.000 12.000 10.500 1.400 31.000 129.400 23.900 100,200 Equity and liabilities Ordinary shares of RO1 cach 10,000 Share premium account 3.000 Revaluation surplus 8.000 Retained earnings 28.000 000 1.000 59.000 19.000 26.000 Non-current liabilities Loan (due for repayment 2025 0.000 60.000 Current linbilities Accounts payable (trade) Taxation on profits Dividend payable Total equity and liabilities 2.400 5.000 15.000 DO 3.400 20.000 4.000 129.400 14.200 100.200 Assume that the current market share value per share is RO 12 The summarized statements of profit or loss for the years ended 31" December 2020 and 2019 were: 2020 2019 RO 000 RO 000 Sales revenues 108,000 64.000 Less Cost of sales (75.600) 40,000) Gross profit 32.400 24.000 Less Expenses (12400) 10,000 Prefit before tax 20,000 14.000 Less: Tax (4,000) 3,000) Profit After Tax 16.000 11,000 The summarized statements of profit or loss for the years ended 31" December 2020 and 2019 were: 2020 2019 RO 000 RO 000 Sales revenues 108,000 64,000 Less: Cost of sales (75.600) 40,000) Gross profit 32.400 24,000 Less: Expenses 12400) (10,000) Profit before tax 20,000 14,000 Less: Tax (4,000) (3.000) Profit After Tax 16,000 11,000 Question 2: Assume that you are a trainee accountant in Apple Plc. You are required to prepare a report to be submitted to the Finance Manager of Apple Plc assessing the performance of the organization under the following criteria. 1. Calculate appropriate ratios under the following listed categories: i. Profitability Ratios (any 3 ratios) 1. Liquidity Ratios (2 ratios) ii. Efficiency Ratios (any 3 ratios) iv. Gearing Ratios and Investor Ratios (any 3 ratios) (11 Ratios x.5 Marks + 0.5 mark for the presentation = 6 Marks) B. Evaluate the performance and state the concerns of each of the stakeholder groups using the ratios calculated above in (A). You have to provide proper reasons which could cause the movement in the ratio figures of 2020 as compared to 2019 and also state suggestions for improvement wherever applicable. (for relevant reasons 5 marks and 4 marks for the advice = 9 marks)

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