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6 marksLimited Liability Companies

CSEC Principles of Accounts · May/June 2013 · Paper 2 · Question 3(c)

Prepare a summarized balance sheet for Reisse Holdings as at 30 June 2012, showing all necessary details in the capital section.

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Other parts of this question

  1. 3(a)(i)Using the formula for current ratio, calculate the current assets as at 30 June 2011.[2 marks]
  2. 3(a)(ii)Using the formula for current ratio, calculate the current liabilities as at 30 June 2012.[2 marks]
  3. 3(b)(i)Using the appropriate formula, calculate average stock for Reisse Holdings.[2 marks]
  4. 3(b)(ii)Using the appropriate formula, calculate stock turn for Reisse Holdings.[2 marks]
  5. 3(b)(iii)Using the appropriate formula, calculate gross profit percentage for Reisse Holdings.[2 marks]
  6. 3(d)Calculate the return on capital employed for Reisse Holdings for the year ended 30 June 2012.[2 marks]
  7. 3(e)Using any of the ratios calculated above, comment on the performance of Reisse Holdings for the year ended 30 June 2012.[2 marks]

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