Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. financial information related to claudia sales fo

Financial information related to Claudia Sales for the year to 30 April 2019 were...

50.1K

Verified Solution

Question

Accounting

Financial information related to Claudia

image

Sales for the year to 30 April 2019 were 89m, yielding a gross profit of 8.7m and a profit before tax (after finance costs) of 8.2m. At the beginning of the year to 30 April 2020, the company bought new manufacturing equipment and recruited six more sales staff. Sales for the year to 30 April 2020 were 131m, with an operating profit of 8.5m, and a profit before tax of 7m.

Task

a. Suggest ways in which Claudia might seek to resolve its current funding problems, and avoid the risks associated with overtrading.

As on 30 April 2020 As on 30 April 2019 m m 40.8 36.4 Non-current assets Current assets Inventory Receivables Cash 22.0 21.0 0.0 43.0 83.8 9.5 10.8 0.2 20.5 56.9 Total assets Capital and reserves Issued share capital Reserves Equity shareholder's funds Current liabilities Bank overdraft Trade payables 11.8 38.4 50.2 11.8 32.7 44.5 13.1 20.5 33.6 83.8 4.2 8.2 12.4 56.9 Total equity and liabilities

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Choose the correct statement among the following Radial distribution function y 4r dr give probability...

Physics
Q

Is it important that there is a genetic basis to weight and obesity? Is obesity a disease? Does...

Medical Sciences
Q

3)A person with mass m1 = 80 kg stands at the left end of a uniform...

Physics
Q

12 A horizontal force of 10 N is necessary to just hold a block stationary...

Physics
Q

Find the exact value of the expression:sin-(sin(-26/33?))=

Calculus
Q

For the following function defined that is one-to-one, write an equation for the inverse function...

Algebra
Q

Required information Use the following information for the Exercises below. (Algo) [The following...

Accounting
Q

Assume Stuart needs to allocate two major overhead costs of employee fringe benefits and $20,800...

Accounting
Q

3 For 2011, Raster Graphics forecasts cash receipts of $405,000 and cash disbursements of $430,000....

Accounting
Q

Mr Sultan decide to start a business of Job Consultancy Service that named as Global...

Accounting
Q

Kels Company has the following production data for April: Beginning Work in...

Accounting
Q

Summarized versions of Tacos Corporation's financial statements for two recent years are as follows. ...

Accounting