Eureka Limited Statement of Profit and Loss Eureka Limited Statement of Proft an
ID: 2535013 • Letter: E
Question
Eureka Limited Statement of Profit and Loss Eureka Limited Statement of Proft and Loss income Statement) For the Year Ended June 30 This Year ast Year 2,010.000 929000 1367000) (1273,000) 56,000 income Less Cost of goods sold 643.000 Gross Pront Operating Expenses Seling exponses Other experses 153.000) (516.000) (669,000) Total Operating Expenses Earmings Before Interest and Tax (EBIT) (26.000 Profic before Tax 450,000) (601000) 55,000 8,000 3000 (23,000) investmert income 73,000 31,000 42.000 414000 456,000 ncome tax experse (23,000) 456.000 433,000 Net Profit after Tax Adt Opening accurnulated profit Closing accumulated profit Notes to statent ncludes wages: $374,000 for this year and $362.000 last year 2 includes salaries $110,000 for this year and $108.000 last year s indlutes searies $150000 for this yeor and 5108,000 last yearExplanation / Answer
.a Gross Profit Ratio=Gross Profit/Sales
This Year
Last Year
A
Gross Profit
643,000
656,000
B
Sales
2,010,000
1,929,000
C=A/B
Gross Profit Ratio
0.319900498
0.340072576
,b Net Profit Ratio=Net Income/Sales
This Year
Last Year
A
Net Profit
(23,000)
42,000
B
Sales
2,010,000
1,929,000
C=A/B
Net Profit Ratio
-0.011442786
0.021772939
c. Current Ratio=Current Assets/Current liabilities
This Year
Last Year
A
Current Assets
663,000
537,000
B
Current Liabilities
25,000
43,000
C=A/B
Current Ratio
26.52
12.48837209
d. Shareholders’ Equity Ratio=Shareholders’Equity/ Total Assets
This Year
Last Year
A
Shareholders Equity
843,000
866,000
B
Total Assets
868,000
909,000
C=A/B
Shareholders equity ratio
0.971198157
0.95269527
This Year
Last Year
A
Gross Profit
643,000
656,000
B
Sales
2,010,000
1,929,000
C=A/B
Gross Profit Ratio
0.319900498
0.340072576
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