The following is the balance sheet of ABC Co. as on 31 December 2002 and 31 December 2003 During 2003, the income statement was as follows: Net sales: Rs 20,400; cost of goods sold: Rs 13,600; stocks:...


The following is the balance sheet of ABC Co. as on 31 December 2002 and 31 December 2003


During 2003, the income statement was as follows: Net sales: Rs 20,400; cost of goods sold: Rs 13,600; stocks: Rs 10,100; wages: Rs 2,100; other manufacturing expenses: Rs 1,400; gross profit: Rs 6,800; depreciation: Rs 1,100; general operating expenses: Rs 2,300; operating profit: Rs 3,400; non-operating surplus: Rs 250; EBIT: Rs 3,650; interest: Rs 700; EBT: Rs 2,950; tax: Rs 1,300; net profit: Rs 1,650; dividend: Rs 900 and retained earnings: Rs 750. Prepare a funds-flow statement and a cash-flow statement.



May 04, 2022
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