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On january 2017 TMK consulting company started its work. With the following data as on December 31,2017:

Cash at bank 80,000 Loans 150,000 Receivables 150,000 Capital 100,000 Fixed assets 250,000 Accrued Expense 120,000 Rent 18,000 Consultants salaries 300,000 Advertising expense 33,000 Loans interest 15,000 Consulting revenue 500,000 Employees salaries 24,000

P1: Prepare the income statement, change in equity and statement of financial position for the year ended December 31, 2017.

Income statement for the year ended December 31, 2017 The amount Revenues... Expenses... Total expenses... Equation Net profit... Equation

Change in equity statement for the year ended December 31, 2017 Capital Retained Earnings Total Capital.... Net profit..... The balance at Dec 31,2017

Statement of financial position For the year ended Dec 31,2017

Assets (Resources) Current assets The amount Account name The amount Total current assets The amount Noncurrent assets Total noncurrent assets Total assets Equation

Liabilities and Equity Current liabilities Noncurrent liabilities

Total liabilities Equation Equity Account named The amount Total equity Equation Total liabilities and equity Equation

P2: Extract the following financial indicators from the financial statements data, indicating an analysis of the results each financial indicator:

Current ratio Receivables turnover rate Average collection period Return on sales rate Return on investments rate Return on fixed assets rate Debts percentage

P3: Extract the expected capital payback period. Type the answer here

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