Income Statement for the years ending 31 August:
2020 2019
£ £
Revenue 950,000 975,000
Cost of sales 455,000 460,000
Gross profit 495,000 515,000
Total expenses 320,000 310,000
Net profit 175,000 205,000
Statement of financial position as at 31 August:-
2020 2019
£ £
Non-current assets 70,000 65,000
Current assets
Cash at bank 45,000 55,000
Inventory 22,000 20,000
Trade receivables 15,000 10,000
Total current assets 82,000 85,000
Total assets 152,000 150,000
Non-current liabilities 23,000 26,000
Current liabilities
Trade payables 40,000 30,000
Total liabilities 63,000 56,000
Net Assets 89,000 94,000
Equity
Share capital 200,000 200,000
Retained earnings 175,000 205,000
Total Equity 89,000 94,000
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return of assets
return of equity
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operating profit margin
net profit margin
share houlderes number