题型：单选题 难度星级：★★★★★ 
5.6万热度
from the following information regarding the year to 31 august 20x6, what is the accounts payable payment period you
should calculate the ratio using purchases as the denominator.
$
sales43,000
cost of sales32,500
opening inventory6,000
closing inventory3,800
trade accounts payable at 31 august 20x64,750
40 days
50 days
53 days
57 days
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which of the following transactions would result in an increase in capital employed
selling inventory at a profit
writing off a bad debt
paying a payable in cash
increasing the bank overdraft to purchase a non-current asset
a company's gross profit as a percentage of sales increased from 24% in the year ended 31 december 20x1 to 27% in the
year ended 31 december 20x2.
which of the following events is most likely to have caused the increase
an increase in sales volume
a purchase in december 20x1 mistakenly being recorded as happening in january 20x2
overstatement of the closing inventory at 31 december 20x1
understatement of the closing inventory at 31 december 20x1
which one of the following would help a company with high gearing to reduce its gearing ratio
making a rights issue of equity shares
issuing further long-term loan notes
making a bonus issue of shares
paying dividends on its equity shares
set out below are the financial statements of emma, a limited liability company. you have been asked to prepare the company's statement of cash flows, implementing ias 7 statement of cash flows.
emma
statement of profit or loss for the year ended 31 december 20x2
$＇000
sales revenue 2,553
cost of sales 1,814
gross profit 739
distribution costs 125
administrative expenses 264
operating profit 350
interest received 25
interest paid 75
profit before tax 300
income tax expense 240
profit for the year 60
emma
statements of financial position as at 31 december
20x2 20x1
$'000 $'000
non-current assets
tangible assets 380 305
intangible assets 250 200
investments -- 25
630 530
current assets
inventories 150 102
receivables 390 315
short-term investments 50 --
cash in hand 2 1
592 418
1,222 948
equity and liabilities
share capital ($1 ordinary shares) 200 150
share premium account 160 150
revaluation surplus 100 91
retained earnings 160 100
620 491
non-current liabilities
long-term loan 100 --
current liabilities
trade payables 127 119
bank overdraft 85 98
taxation 290 240
502 457
1,222 948
the following information is available.
(a) the proceeds of the sale of non-current asset investments amounted to $30,000.
(b) fixtures and fittings, with an original cost of $85,000 and a carrying amount of $45,00 ,were sold for $32,000 during the year.
(c) the current asset investments fall within the definition of cash equivalents under ias 7.
(d) the following information relates to property, plant and equipment.
31.12.20x2 31.12.20x1
$'000 $'000
cost 720 595
accumulated depreciation 340 290
carrying amount 380 305
(e) 50,000 $1 ordinary shares were issued during the year at a premium of 20c per share.
64【论述题】
prepare a statement of cash flows for the year to 31 december 20x2 using the format laid out in ias 7,together with the relevant notes to the statement.
the following information has been extracted from the books of tonson, a limited liability company, as at 31 october 20x6.
dr cr
$'000 $'000
cash 15
insurance 75
inventory at 1 november 20x5 350
general expenses 60
energy expenses 66
marketing expenses 50
wages and salaries 675
discounts received 50
share premium account 200
retained earnings at 1 november 20x5 315
allowance for receivables at 1 november 20x5 40
sales revenue 5,780
telephone expenses 80
property expenses 100
bank 94
returns inward 95
trade payables 290
loan note interest 33
trade receivables 900
purchases 3,570
7% loan notes 470
irrecoverable debts 150
$1 ordinary shares 1,800
accumulated depreciation at 1 november 20x5
buildings 360
motor vehicles 80
furniture and equipment 420
land at cost 740
buildings at cost 1,500
motor vehicles at cost 240
furniture and equipment at cost 1,200
9,899 9,899
you have also been provided with the following information:
(a) inventory at 31 october 20x6 was valued at $275,000 based on its original cost. however, $45,000 of this inventory has been in the warehouse for over two years and the directors have agreed to sell it in november 20x6 for a cash price of $20,000.
(b) the marketing expenses include $5,000 which relates to november 20x6.
(c) the allowance for receivables is to be increased to the equivalent of 5% of trade receivables.
(d) there are wages and salaries outstanding of $40,000 for the year ended 31 october 20x6.
(e) buildings are depreciated at 5% of cost. at 31 october 20x6 the buildings were professionally valued at $1,800,000 and the directors wish this valuation to be incorporated into the financial statements.
(f) depreciation is to be charged as follows:
(i) motor vehicles at 20% of carrying amount
(ii) furniture and equipment at 20% of cost
(g) no dividends have been paid or declared.
(h) tax of $150,000 is to be provided for the year.
(i) during october 20x6 a bonus issue of one for ten shares was made to ordinary shareholders. this has not been entered into the books. the share premium account was used for this purpose.
62【论述题】
the statement of profit or loss for the year ended 31 october 20x6
which of the following is a ratio which is used to measure how much a business owes in relation to itssize
asset turnover
profit margin
gearing
return on capital employed
a business operates on a gross profit margin of 331/3%. were $680.gross profit on a sale was $800, and expenses
what is the net profit margin
3.75%
5%
11.25%
22.67%
a company has the following details extracted from its statement of financial position：
$'000
inventories 1,900
receivables 1,000
bank overdraft 100
payables1,000
the industry the company operates in has a current ratio norm of 1.8. companies who manage liquidity well in this industry
have a current ratio lower than the norm.
which of the following statements accurately describes the company’s liquidity position
liquidityappears tobewell managed asthe bankoverdraft is relatively low
liquidityappears tobepoorly-controlledasshownbythelarge payables balance
liquidityappears tobepoorly-controlledasshownbythecompany’s relatively highcurrent ratio
liquidityappears tobepoorly-controlledasshownbytheexistence of a bank
why is analysis of financial statements carried out
so that the analyst can determine a company’s accounting policies
so that the significance of financial statements can be better understood through comparisons
with historical performance and with other companies
to get back to the ‘real’ underlying figures, without the numbers being skewed by the
requirements of international financial reporting standards
to produce a report that can replace the financial statements, so that the financial statements
no longer need to be looked at
calculate the net profit percentage ratio for black and bury and comment on this ratio for the two companies.