The following are extracts from the income statement for the year ended 31 December 2009...
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The following are extracts from the income statement for the year ended 31 December 2009 and the balance sheets as at 31 December 2009 and 31 December 2008 of a limited company. Balance sheet as at 31 December Non-current assets 2008 2009 000 000 19,000 20,000 Current assets Inventories Trade receivables Investments Cash and cash equivalents 4,000 2,500 3,000 200 5,000 3,000 1,500 500 Current liabilities Bank overdraft Trade payables Taxation Dividend (proposed) 3,800 9,000 800 100 1,650 6,000 1,000 200 Non-current liabilities Loan 2,000 1,000 Equity Ordinary shares Share premium account Retained earnings 2,000 4,000 4,650 11,000 11,500 Using a horizontal analysis based on 2008, investments in 2009 are: Select one: O a. 11.5 O b. 23.1 c. 50 O d. 7.4
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